Sacombank plans to sell maximum 20% stake to foreign investors during 2012-2015
Saigon Thuong Tin Commercial Joint Stock Bank (STB or Sacombank) planned to sell at most 20% stake to strategic foreign investors for the period from 2012 to 2015, the lender said in its AGM documents sent to shareholders. Its More...
Illegal loaning found at Sacombank
The State Bank of Vietnam’s inspectors have come to a conclusion that the loans to Dang Van Thanh and his family’s companies some years ago were illegal, forcing Thanh to pay debts to reduce the outstanding More...
Vietnam’s Eximbank and SMBC boost cooperation
The Import-Export Commercial Joint Stock Bank (Eximbank) of Vietnam and the Sumitomo Mitsui Banking Corporations (SMBC) marked the 5th anniversary of their strategic alliance in Ho Chi Minh City on February 22. Speaking More...
Sacombank announces January profit
Sacombank announced on Wednesday that it achieved VND275 billion (US$23 million) in pre-tax profit in January. This year’s target is set at VND3.2 trillion ($152 million). The bank plans to increase its charter More...
Foreign ownership remains at 15% in Sacombank
The State Securities Commission has agreed to extend the application of 15 per cent foreign ownership in Sacombank (STB). Accordingly, the commission will approve a one year extension after the lender gathers opinions More...
Sacombank to sell stake to Sumitomo Mitsui Financial Group?
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) is rumored to currently be in negotiation to sell stake to Sumitomo Mitsui Financial Group, the Saigon Times reported, citing its private source from Sacombank More...
Eximbank to merge with Sacombank
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) have unveiled merger plans at a signing ceremony for cooperative agreement in Hanoi More...
Sacombank deploys vnd1tln preferential credit package for real estate
Saigon Thuong Tin Commercial Joint Stock Bank (STB) said it would deploy a preferential credit package worth VND1 trillion for customers to purchase, build or repair real estate, the lender said on its website. The More...
Sacombank provides VND1 trillion for real estate loans
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has announced a credit package of VND1 trillion (US$48 million) for individual customers who aim to purchase, build or repair their properties. Under More...
Sacombank to merge with Eximbank
The merger of Sacombank and Eximbank is no longer a mere rumour, confirmed Eximbank Chairman Le Hung Dung yesterday, admitting that the two banks have been in negotiations. The merger talk was initiated when Eximbank More...
Subscribe via Email
Subscribe in a Reader
Follow us on Twitter
Connect on Facebook