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Banking News (March 12th, 2021)

Banking News (March 12th, 2021)

Friday 12, 03 2021
Check out the news brief of the banking industry on March 12th, 2021.

+ National Citizen Commercial Joint Stock Bank (NCB) launched the program "When you smile" with many gifts as a wish from NCB on March 8th. Specifically, on March 3rd - 8th, 2021, female customers making transactions at NCB's business units across the system (except for withdrawal transactions) were immediately rewarded with VND 50,000 to their accounts. 



+ PVcomBank implements the 0% Installment Purchase program. PVcomBank credit cardholders are entitled to installment payments with 0% interest rate with a term of up to 18 months at more than 1,000 affiliated partners who are well-known brands in various fields (electronics, health, education, tourism), such as MediaMart, CellphoneS, JYSK, Baya, Language Link, iVIVU with 600,000 merchants nationwide. 

+ From February 1st, 2021, Vietcombank officially launches four new account packages for individual customers with many outstanding incentives for card transactions and transactions on VCB Digibank digital bank, to promote cashless transactions on the digital technology platform. 



+ From March 1st to April 30th, 2021, upon successful payment of tuition fees via Sacombank eBanking (Internet Banking/Mobile Banking), payment consignment, or payment via Sacombank Pay app, customers will be refunded 20% (up to VND 100,000). The offer is applied to 3,000 bills per month and each customer can get a refund twice during the promotion period. 

+ From now to December 31st, 2021, BAOVIET Bank applies the Baoviet Partnership program for individual customers of Bao Viet Group and member units, including Bao Viet Life, Bao Viet Insurance, Bao Viet Securities, Bao Viet Fund, Bao Viet's life, and non-life insurance agents. Accordingly, these customers can enjoy a preferential interest rate of 6.95% p.a. for the first 3 months. After the preferential period, the interest rate is the deposit interest rate in the last 13 months plus the minimum amplitude of 4% p.a. The interest rate is adjusted once every six months. Or, customers will enjoy a preferential interest rate of 8.95% p.a. for the first 9 months. After the preferential period, the interest rate is calculated as above.



+ From March 1st to May 31st, 2021, Sacombank launches the promotion program "Everyday Incentive - Get SH Mode" with a total prize value of up to nearly VND 2 billion. Accordingly, the first 100 customers logging in for the first time in a day and having top-up via eBanking with the value from VND 100,000 will be refunded VND 50,000. Each customer will be refunded only once during the program. Also, the first 100 successful bill payments (electricity, water, phone, internet, cable TV) via Internet Banking, Mobile Banking, or Payment Consignment each day will be refunded 50% of the bill value, up to VND 50,000. Each bill will be refunded only once on three transaction channels.

+ Brand Finance has just announced the 500 most valuable banking brands in the world in 2021. In the 2021 ranking list, Techcombank was valued at USD 524 million by Brand Finance, up 57 places to the top 270 most valuable banking brands in the whole world.

+ Vietnam International Commercial Joint Stock Bank (VIB) has announced the documents of the 2021 annual General Meeting of Shareholders, including the 2020 profit distribution plan, 2021 business plan, charter capital increase plan, and other important contents submitted to the General Meeting of Shareholders. The congress is held on March 24th, 2021.



+ HDBank continues to offer support packages for individuals and micro-businesses with attractive interest rates only from 3% p.a., depending on the program. Accordingly, regarding the program "Sharing together - Overcoming obstacles" in February 2021, HDBank issues the policy of automatically reducing lending interest rates by 4.5% for individual customers and micro-businesses. Customers do not need to ask for support or prove any difficulty encountered. This support is immediately in effect from now to December 31st, 2021. 

+ SHB has just announced its business plan for 2021 with a target for pre-tax profit to grow by 70% compared to 2020. In 2020, SHB reported a profit of VND 3,268 billion (the 7th consecutive year of profit growth). Therefore, the 2021 profit of the bank is expected to reach about VND 5,555 billion.


Compiled by VietnamCredit


Banking & Finance

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