Vietnam outlines major bank mergers in 2015: central bank
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HANOI] Vietnam's central bank on Monday announced several merges expected in 2015 in one of its biggest moves to consolidate and restructure a clogged banking sector plagued by bad debt.
Among six to eight mergers expected this year, Vietcombank , Vietnam's top lender by market value, could merge with unlisted Saigon Bank for Industry and Trade, the State Bank of Vietnam said in an emailed statement.
Hanoi-based VietinBank may merge with unlisted OceanBank, and lender BIDV would take similar steps with Mekong Housing Bank, the statement said.
VietinBank could also merge with Petrolimex Bank, the statement said.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
