Tag
4 stories in this topic
Sixteen potential buyers have registered to purchase a combined 213 million shares of PGBank, almost twice the number its biggest shareholder is selling. The buyers, comprised of nine individuals and seven domestic organizations, have signed up to participate…
Some banks have hiked deposit interest rates to 10-10.35% amid low liquidity in the system. NCB is paying the highest interest rate of 10.35% for 12-month deposits of VND1 billion (US$40,300) downwards made online. For six-month deposits, it is offering 10%.…
After calling off its merger with HDBank, lender PGBank does not plan to look for other partners and will remain independent, its chairman, Nguyen Quang Dinh, has said. “In the last six years, PGBank planned to merge with VietinBank and HDBank, but both deals…
Each share of PGBank will be converted into 0.621 HDBank share. Vietnam’s Ho Chi Minh City Development Joint Stock Bank, better known as HDBank, said its shareholders approved on Saturday a plan to merge with the unlisted Petrolimex Group Commercial Joint…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.