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Vitenam’s HDBank has signed an agreement for strategic cooperation with South Korea’s HanaBank. Under the agreement, the two banks will coordinate to assist clients and provide them with information and consultancy about the business and investment environment in Viet Nam and the country’s laws on foreign investment in finance and banking sectors. They will share information about the industrial sector in South Korea and Vietnam, introduce potential industrial clients to each other, and co-operate for human resources training and other exchanges. The cooperation is expected to create favourable conditions for their development in areas like funds swap, financing each other’s lending activities, syndicated loans and other banking services like remittances, international payments, trade funding, foreign currency transactions, card services, and issue of co-branded credit cards.

Vitenam’s HDBank has signed an agreement for strategic cooperation with South Korea’s HanaBank. Under the agreement, the two banks will coordinate to assist clients...

Reported by: banking Updated: May 11, 2015

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Vietnam, S. Korean banks to cooperate

Vitenam’s HDBank has signed an agreement for strategic cooperation with South Korea’s HanaBank. Under the agreement, the two banks will coordinate to assist clients...

Reported by: banking Updated: May 11, 2015

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Bank Mandiri, JCB in payment card tie-up

Indonesia’s Bank Mandiri and JCB International Indonesia, subsidiary of JCB International Co have announced a new partnership for payment card business. This partnership starts...

Reported by: banking Updated: May 11, 2015

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LVB to raise Rs 350 cr

Lakshmi Vilas Bank will raise up to Rs 350 crore through institutional placement of shares this financial year in order to improve its core...

Reported by: banking Updated: May 6, 2015

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QNB to open office in Ho Chi Minh City

Qatar National Bank has opened a representative office in Ho Chi Minh City in order to promote the development of trade between Qatar and...

Reported by: banking Updated: May 6, 2015

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New Citic CLSA investment banking platform

Chinese brokerage Citic Securities has launched an investment banking platform, combining its bankers with those from CLSA, the Asian firm it acquired two years...