Standard Chartered appoints new CEO for ASEAN markets
(Apr 17, 2014)
Veteran banker Lim Cheng Teck will assume the role of chief executive
officer (CEO) for Standard Chartered Bank's ASEAN markets on May 1,
announced the bank.
The Mekong Development Bank's shareholders' meeting on April 15 adopted a plan for it to merge with a credit institution.
The Ha Noi People's Court yesterday decided to postpone the trial of
Nguyen Duc Kien, former vice chairman of the founding council of the
Asia Commercial Bank (ACB), because one of his alleged eight accomplices
was absent due to poor health.
Companies with transparent finances, profitability and potential
projects may avail of dong loans at 6 – 7 per cent interest, the State
Bank of Viet Nam's (SBV's) weekly revealed on Monday.
The Kien Long Bank's shareholder meeting in the southern Kien Giang Province on Tuesday decided that this year's dividend rate would be between 9 and 10 per cent.
Viet Nam International Bank expects to quadruple its last year's pre-tax profits to achieve VND323 billion (US$15.38 million) this year, according to bank reports.
Vietinbank, the second-largest bank by assets, would like Viet Nam
National Shipping Lines (Vinalines) to name it as a strategic investor
at member ports after the initial public offerings (IPO).
The Sai Gon–Ha Noi Bank plans to raise its equity by nearly 25 per cent to VND11.08 trillion, or $527.62 million, this year.
Asia Commercial Bank (ACB) plans to make about VND1.2 trillion, or US$57.15 million, in pre-tax profits this year, up 15 per cent over last year.
OceanBank will lend VND1 trillion to construction enterprises at 8.5 per
cent annual interest rate or 2 to 3 per cent lower than the normal
PGBank, a small in-house bank of Petrolimex, may sell 99 per cent of
its stake to the second-largest bank by assets, Vietinbank, as part of
its restructuring process.