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The reduction of bank staff will continue to be strong in 2025, as banks are promoting digital transformation and restructuring operations to improve cost management efficiency. (Photo: vnbusiness.vn)

ꦍ Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest State-owned commercial banks (Big4) to cut the number of its transaction offices. According to a plan released at VietinBank’s annual general meeting of shareholders (AGM) recently, the bank is expected to cut hundreds of transaction points to streamline the system in 2025.
Banks gain big profits from forex trading

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.
ABBANK reports 36 percent rise in profit

ABBANK reports 36 percent rise in profit

The An Binh Commercial Joint Stock Bank reported a profit after-tax of 1.23 trillion VND (53.18 million USD) for 2019, an increase of 36 percent from the previous year.
First domestic chip cards launched

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.
Banks expected to shuffle leaders in 2018

Banks expected to shuffle leaders in 2018

Banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2018 to 2023 to meet the Government’s new regulation.
ABBank, TPBank join ADB trade finance programme

ABBank, TPBank join ADB trade finance programme

ABBANK on May 24 officially signed an agreement with ADB on joining the Trade Finance Programme – one of prominent programmes enabling Vietnamese enterprises to increase competitiveness and get more opportunities to promote economy.
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