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SHB Finance announced new chairman and posted stable performance in 2020


SHB Finance announced new chairman and posted stable performance in 2020
08:00 | 12/01/2021
Hanoi-based commercial lender Saigon-Hanoi Commercial Joint Stock Bank (SHB) last week announced a senior personnel nomination at its member company, Saigon-Hanoi Commercial Bank Finance Co., Ltd. (SHB Finance).    
Do Quang Vinh, deputy director of SHB Retail Banking, was appointed as the chairman of the Board at SHB Finance for 2016-2021 term, starting from January 8, 2021.
Vinh holds a Master’s Degree of Finance and Management from the University of East Anglia, UK, and has filled in senior management positions in finance and banking.
Do Quang Vinh was appointed
as the chairman of the Board at SHB Finance for 2016-2021 ....

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Diversifying local consumer finance


Diversifying local consumer finance
For the first time in a decade, Vietnam’s consumer finance market saw a single-digit growth rate
FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is said to be preparing for its initial public offering (IPO) in the third quarter of 2021.
VPBank’s Board of Directors forecasts that a successful IPO could triple FE Credit’s share price compared to the book value after the equitisation, according to brokerage SSI.
Currently, the Vietnamese market boasts 16 consumer finance companies, of which six are subsidiaries of major local lenders, including HD Saison of HDBank, SHB Finance of SHB, MCredit of MB, and Post and Telecommunication Finance Co., Ltd. (PTF) of SeABank. ....

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