Adjusting ownership rate for foreign investors in bank sector is a long-term strategy

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.

Banks continually cut lending rates to aid pandemic affected customers Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.

Banks increase profits on strong credit growth Banks at the end of July reported significant increases in first-half profits on strong credit growth despite pressures from the pandemic

SeABank reduces interest rate to support customers SeABank will reduce interest rate by maximum one per cent a year for loans of its existing customers till the end of this year to share their difficulties caused by the COVID-19 pandemic.

Market bounces back as risk appetite returns

The market reversed course in Thursday afternoon's trade as investors' risk appetite returned to bank and material stocks. 

SeABank issues 110 million shares for dividend payment Southeast Asia Commercial Joint Stock Bank (SeABank, SSB) said that it will issue more than 110 million additional shares to pay 2020’s dividend at a rate of 9.12 per cent, as well as issue 23.5 million shares for employees (ESOP).

Vietnam Airlines signs $173.7m credit deal with three banks

National flag carrier Vietnam Airlines has signed a credit deal, worth VNĐ4 trillion (US$173.7 million), with three commercial banks, to weather the financial impact of the COVID-19 pandemic.

IFC partners with SeABank to lending smaller and women-owned SMEs in Việt Nam

International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic

Credit expands quickly in H1, central bank might consider credit room extension With credit expanding quickly in the first half of this year, the State Bank of Việt Nam (SBV) said in its press conference on Monday that the credit growth target for the full year of 2021 at 12 per cent was within reach and it might consider extending credit room if necessary.

Moody’s upgrades SeABank’s outlook to positive from stable