Tag archive for ‘Sacombank’

Shareholders approve Vietnam’s Sacombank merger despite worries

Vietnamese lender Sacombank’s plan to merge with another local bank, Phuong Nam (Southern) Bank, received a unanimous approval from its shareholders on Tuesday.  Vietnamese lender Sacombank’s plan to merge More...

March 27th, 2014

Sacombank gets new chairman

Sacombank Vice Chairman Kieu Huu Dung was appointed chairman of the bank on Monday, replacing Pham Huu Phu, who has resigned for personal reasons.  The bank will hold an annual shareholder meeting in HCM City on More...

March 26th, 2014

Sacombank shareholders approve merger with Southern Bank

In the general assembly this morning, some Sacombank shareholders said that the merger is not beneficial; but in the end, more than 97% shareholders agreed to the plan, local newswire VnExpress reported.  At the More...

March 26th, 2014

Bank M&A deal nears

Sacombank last week announced it would hold its annual general shareholders’ meeting scheduled in March. The event will include a vote on the proposed merger with Southern Bank this year. The two parties are working More...

March 23rd, 2014

Sacombank to be put at disadvantages when merging with Southern Bank

Vietnam is the best stock market in Asia from the beginning of 2014 to date (increase level of 19 percent to date). In such brisk market, share of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – More...

March 22nd, 2014

Which merger scenario for Sacombank and Eximbank?

With the participation of Southern Bank, how will Sacombank – Eximbank merger deal take place?…  After the comprehensive partnership agreement, the merger story of Sacombank and Eximbank is only a matter More...

March 19th, 2014

Eximbank likely to withdraw capital from Sacombank

In its lately issued report to support the investors, ACB Securities Co (ACBS) said Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB) is likely to offload capital in Saigon Thuong Tin Commercial Joint More...

March 18th, 2014

Bank restructuring aims to eliminate weak banks from market

 An impending merger between Southern Bank and Sacombank is the latest move in Vietnam’s banking restructuring process. In an interview on the Vietnam Investment Review, Tran Hoang Ngan, member of the National More...

March 16th, 2014

Share swap ratio in merger between Sacombank and Southern Bank remains unknown

What about financial position of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) and Southern Commercial Joint Stock Bank in recent time? How is share swap ratio after merger? Does the merger make Sacombank More...

March 14th, 2014

Sacombank-Southern Bank merger scheme to be submitted to AGM on March 25

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) and Southern Commercial JS Bank (Southern Bank) are now under the process of building the merger scheme. Saigon Thuong Tin Commercial Joint Stock Bank More...

March 13th, 2014