Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of...
Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.
Small-sized banks are making great efforts to grow to avoid being merged or acquired, however, it is not easy, according to the Dau tu chung khoan (Securities Investment) newspaper.
