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Southern Bank
Update news Southern Bank
Four senior staff at Southern Bank charged for hefty losses
Four former leaders and executives at Southern Bank – which was later merged into Sacombank headed by jailed banker Tram Be – have been prosecuted for their alleged collusion with an ex-boss of a private firm, causing hefty losses.
Sacombank & Southern Bank to merge this year
VietNamNet Bridge -The Saigon Commercial Bank (Sacombank) on July 11 held an extraordinary shareholders meeting to approve a plan to merge with Southern Bank, with 93.7 per cent of shareholders voting in favor.
Vietnam’s “chaebols”: King of 'Acquisition' Tram Be
VietNamNet Bridge – As the big shareholders of both Southern Bank and Sacombank, the family of Mr. Tram Be is a "unique" case in the Vietnamese banking sector.
Shareholders unhappy with lower, unpaid dividends
VietNamNet Bridge – Shareholders in many banks have not received their dividends in recent years though banks have set low rates, but not cut them completely.
Bank M&A deal nears
VietNamNet Bridge – Many market observers believe that Sacombank will benefit less from its merger with Southern Bank.
