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DongA Bank on a merger lookout

Update: March, 24/2012 - 08:58

HCM CITY — The Dong A Joint-Stock Commercial Bank (DongA Bank) is looking for a possible merger and acquisition and also for a foreign strategic partner, said DongA Bank's Chairman Tran Phuong Binh.

This follows State Bank suggestions that banks strengthen themselves by adopting these approaches.

Mergers would help banks combine their strength in products and services, transaction networks, distribution channels and clients, Binh added.-VNS

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