SHB to raise capital to US$832 million The bank will issue bonus shares at a rate of 10 per cent in the third or fourth quarter of the year to raise capital.

Consumer lending expected to recover well after pandemic ends

Will consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans.

SHB completes share issuance to raise charter capital to US$650.5 million Sài Gòn – Hà Nội Joint Stock Commercial Bank (SHB) has successfully issued more than 500 million shares, increasing its chartered capital to VNĐ17.5 trillion (US$750.5 million).

Moody's places five VN financial institutions on review for downgrade Moody's Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade.

Central bank sets to tighten unsecured consumer finance

Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Việt Nam (SBV) takes effect.

Central bank props up banking sector liquidity

The State Bank of Việt Nam (SBV) withdrew a total VNĐ18.87 trillion (nearly US$829 million) from the market in the week of November 26-31.

Remittances to Việt Nam could fall due to US policies

Overseas remittances to Việt Nam are expected to decline mainly due to global factors.

Banks eye consumer finance

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.

The heat is on in consumer finance market

Last year the VPBank-owned FE Credit-Consumer Finance Services added 2.7 million accounts to take its total number of customers to 3.3 million.

SHB to sell 100 million shares

Sài Gòn-Hà Nội Bank (SHB) will issue 100 million shares worth VNĐ1 trillion (US$ 43.8 million) to shareholders under its merger plan with Vinaconex-Viettel Finance JSC (VVF), the bank announced in a statement on Monday.