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The German development finance institution DEG has provided a loan of US$ 30 million repayable over eight years to DFCC Bank, Sri Lanka’s pioneer development bank.

An HD Bank branch located at Ho Chi Minh City’s Tan Binh District was caught severely violating state regulation on deposit interest rate ceiling, the State Bank of Vietnam has said.

Through the Aprimo Relationship Manager, the bank will be able to efficiently provide customers with the right financial product or service.

This resulted to an annualized return on equity of 19.0% as of June 2011.

Pham Huy Hung, chair of VietinBank-CTG, confirmed that his bank has the lowest bad debt ratio in Vietnam's banking system.

The governor of the State Bank of Vietnam has approved Southern Bank's application to increase its chartered capital to over 3.212 trillion dong, according to a Vietnam Daily News report.

Vietnam International Commercial Joint Stock Bank will set aside two trillion dong to lend at the preferential interest rate of from 17.5 percent per year for food producers and processors.

TrustBank is offering incentives for small and medium-sized enterprises to serve purchase and processing of products for exports, agriculture, seafood that commit to use the bank's international payment service, reports Vietnam Daily News.

Saigon Commercial Joint Stock Bank is offering new interest rate benchmark in both dong and US dollar whereby the non-term deposit interest rate in dong will be 4.2 percent per annum.

The lender collaborated with tourism institutions in Thailand to offer a $484,496 soft loan to operators.

Five lenders will sell six tonnes of gold to help narrow the gap between domestic and international prices.

The lender follows footstep of Bank of Baroda which gained a local banking licence in 2009.

The Bao Viet Group to has been allowed by the Prime Minister to continue to invest in BaoVietBank and hold 52 percent stake in the bank.

Vietnam government-owned bank headquartered in Hanoi will use Polaris Software Lab's Intellect Global Universal Banking M180 platform to centralise its operations. Polaris would provide intellect core and lending modules to the bank, enabling it to handle traditional banking products in an integrated and efficient manner. "We are happy and proud that Vietnam Bank for Social Polices chose to implement Polaris' Intellect GUB M180 amongst various other competitors in the industry. The system would offer Vietnam Bank for Social Policies the flexibility required to support the banks aggressive growth plans," Polaris Software Head-Asia Pacific Supriyo Sircar said. The Vietnam Bank for Social Polices headquartered in Hanoi is a government-owned bank operating 64 branches, 612 district transaction offices and 9,773 mobile transaction points.

Lone Star Funds may be ordered to sell a majority of stakes in the Korea Exchange Bank unless it meets legal requirements as KEB's top shareholder.

ICBC, with an aim to provide a variety of financial services to all customers, has formulated a range of special service solutions and taken various measures to improve the quality of services this year's Golden Week of "October First".