VietnamCredit
VietnamCredit About Us Cafe€redit Contact Us API
Login Register
0
USD
Go to cart
Checkout
Banking News (Week 37, 2021)

Banking News (Week 37, 2021)

Friday 17, 09 2021
Following is the news brief on Vietnam’s banking industry for the 37th week of 2021 compiled by VietnamCredit.

MSB

The State Bank has issued written approval for Vietnam Maritime Commercial Joint Stock Bank (MSB) to increase its charter capital by 3,525 billion VND from the current level to 15,275 billion VND through the form of stock issuance to pay dividends. This increase is equivalent to 30% of the bank's current capital of 11,750 billion VND. Accordingly, the Bank will issue an additional 352.5 million shares to pay dividends to the existing shareholders, bringing the total number of outstanding shares to nearly 1.53 billion shares. The increase of charter capital is to ensure the capital adequacy ratios, risk management for the bank to meet Basel II international standards, towards Basel III, and at the same time improve financial capacity to meet development requirements. develop business activities, invest in strategic projects in the period of 2021 - 2023.

MSB

VIB

The Vietnam International Commercial Joint Stock Bank (VIB) was honored by International Finance magazine with two awards: Best New Card Offering - VIB Online Plus 2in1 - Vietnam 2021, and Most Innovative New Credit Card Service - Vietnam 2021. Online Plus 2in1 is the first card that integrates both credit cards and international payment cards in Southeast Asia of VIB with a super discount of up to 43 million VND/year for transactions via Grab application. The launch event of Online Plus 2in1 is considered a turning point in payment technology for users when all transaction needs are easily done with just one card, one touch, one click. The card also automatically connects to the system of major online shopping partners to accumulate reward points and receive promotional codes. Along with the launching event of Online Plus 2in1 card, VIB has accelerated the application of the completely online limit approval and card issuance process for all credit card lines. This makes card opening safer and more accessible, especially in the context of complicated epidemic developments.

VIB

VPBank

Vietnam Prosperity Joint Stock Commercial Bank (VPBank, HOSE: VPB) is expected to release more than 5.1 million ESOP shares from September 20-24, 2021. On September 15, VPB announced the release of 35% of the second phase of restricted shares issued under the 2018 employee selection program (ESOP 2018). Specifically, the number of shares expected to be released is over 5.1 million shares, equivalent to 35% of the number of additional listing registrations of the issuance. The estimated time of clearance is from September 20-24, 2021. Based on the reference price of 63,900 on September 16, this stock has a market value of about 527 billion VND. Regarding the financial situation, VPB's Board of Directors announced the successful signing of an agreement to sell 49% of FECredit's charter capital to SMFG (Japan) with the expected amount of nearly 1.4 billion USD. Along with the capital increase plan in early 2022, in which the Bank will issue an additional 15% of capital to strategic shareholders, VPB is expected to become the bank with the largest charter capital and one of the most valuable banks with the largest market capitalization.

VPBank

Compiled by VietnamCredit

Categories
Banking & Finance

You may also like

Which bank is growing in bond investment?
Friday 18, 10 2019

Which bank is growing in bond investment?

Outstanding bonds of economic organizations, apart from the sharp increase...
Vietnamese enterprises “attack” the credit scoring market
Thursday 23, 04 2020

Vietnamese enterprises “attack” the credit scoring market

Given the rise of “unbanked” customers, there have been some agencies providing...
0
0
+84 981861066