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Le Quoc Long, for the last 18 years the deputy CEO of SeABank, has been named its new acting CEO with effect from Tuesday. He replaces Loic Faussier, who resigned for personal reasons after being with the bank for three years as CEO and in other key…
Vietnamese lender SeABank is getting a $100-million investment from IFC to provide lower and middle-income families with access to housing loans. The investment increases International Finance Corporation’s investment in the bank to nearly $400 million.…
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%.…
Private lender SeABank is offering 136 million shares to existing shareholders at the price of VND15,000 (over $0.6), lower than market value in late August by 58 percent. New share transactions are expected to take place in the last two quarters of this…
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