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Update news VIB
The Vietnam International Bank (VIB) has just completed the procedures for the disbursement of a 150 million USD loan from the International Finance Corporation (IFC), a member of the World Bank Group.
VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.
Vietnam International Bank (VIB) has been given a US$70 million loan from three international finance institutions, Taiwanese Cathay United Bank, Industrial and Commercial Bank of China's branch in Hong Kong and Bank of Communications.
Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.
Vietnam International Bank (VIB) has become the first bank in Viet Nam to complete the three pillars of Basel II, which are minimum capital, supervisory review and market discipline.
The slow growth comes mainly from state-owned banks, which have become more stringent on their loan disbursements.
It's clear that digitalization is a prerequisite for local banks to survive and develop in the new era.
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).
VietNamNet Bridge - With powerful financial resources gained from their businesses in Russia and Eastern Europe, the following bankers have easily reached success in Vietnam.
VietNamNet Bridge – While banks outdid each other in revealing their 2014 profit figures, they seem rather reserved in their 2015 profit outlook, Vneconomy newswire revealed.