State Bank of Việt Nam (SBV) has approved the acquisition and transfer of Post and Telecommunication Finance Company Ltd (PTF) between Vietnam Posts and Telecommunications Group (VNPT) and SeABank.
Southeast Asia Joint Stock Commercial Bank (SeABank) has appointed Lê Thu Thủy as its general director following the approval of State Bank of Việt Nam.
Several banks are keen to establish consumer finance arms to grab a bigger share of a market that is expected to reach VNĐ1,000 trillion (US$4.38 billion) by 2020 and grow at 29 per cent annually.
Banks have launched credit packages with preferential interest rates, aiming to assist capital sources for businesses and further boost domestic production.
Banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2018 to 2023 to meet the Government’s new regulation.
Nguyễn Cảnh Vinh stopped assuming the position of general director of Southeast Asia Joint Stock Commercial Bank (SeABank) from February 8.
Vietnam Posts and Telecommunications Group (VNPT) sold its finance subsidiary Post and Telecommunication Finance Company Ltd (PTF) to SeABank at a recent auction.
The Southeast Asia Joint Stock Commercial Bank (SeABank) will provide preferential loans to enterprises worth VNĐ1.5 trillion (US$65.9 million) until March 31.
The auction of more than 5.5 million TPBank shares, owned by Mobifone, due on February 7 will be postponed, the Hà Nội Stock Exchange (HNX) announced.
The Southeast Asia Commercial Joint Stock Bank (SeABank) is in the top 100 list of products and services vying for the title of the most trusted savings product in Việt Nam.