HDBank to pay 25 per cent dividend in shares, Moody's raises credit rating for the bank to positive outlook HDBank to pay 25 per cent dividend in shares, Moody's raises credit rating for the bank to positive outlook

HDBank to pay 25 per cent dividend in shares, Moody's raises credit rating outlook The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced plans to increase its charter capital to more than VNĐ20.273 trillion(US$879.48 million).

Bank stocks witness upswing in prices Bank stock prices have witnessed a dramatic increase since the end of March after plenty of banks announced positive first-quarter business results, as well as news on rising mergers and acquisitions (M&A).

Securities firms set high profit targets for 2021 on positive stock market As the market benchmark VN-Index broke the psychological level of 1,200 points, along with many positive outlooks about the market, securities firms set big growth targets for 2021. Of which, many companies expected their profits to reach trillions of dong.

Japan’s Sumitomo Mitsui Finance Group acquires 49% stake in FE Credit VPBank on Wednesday signed an agreement to sell 49 per cent stake of its FE Credit to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction that value the non-bank lender at US$2.8 billion.

HDBank Q1 profit tops $91 million, on course to achieve year’s targets

The Hồ Chí Minh City Development Joint Stock Commercial Bank (HDBank – ticker symbol: HDB) has released its financial statement for the first quarter of the year, which shows pre-tax profit rose by 68 per cent year-on-year to over VNĐ2.1 trillion (US$91.05 million).

Pandemic is changing landscape of consumer credit: experts The COVID-19 pandemic was signficantly changing the landscape of the consumer credit market as consumers tended to tighten their budget and pay more attention to healthcare, environment and lifestyle as well as switching to online shopping.

Consumer lending to grow again in 2021

The consumer finance market would have a chance to grow again in 2021 thanks to the economic recovery, experts forecast.

Sun Hung Kai & Co. (86.HK) Announces 2020 Annual Results Sun Hung Kai & Co. (86.HK) Announces 2020 Annual Results

HDBank raises working capital, earmarks credit package for customers hit by Covid-19 difficulties HDBank has increased its working capital by US$71 million through a syndicated loan from a consortium of eight leading Taiwanese banks and an Indian bank arranged by Mega International Commercial Bank.