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Banking sector to see major mergers in 2015

Vietnam’s banking sector will step up restructuring measures in 2015, with the expected merging of several major banks, such as Vietcombank with Saigonbank, and PGBank with Vietinbank.

Vietnam’s banking sector will step up restructuring measures in 2015, with the expected merging of several major banks, such as Vietcombank with Saigonbank, and PGBank with Vietinbank, building on a succession of mergers that have strengthened the banking system.

Banking sector to see major mergers in 2015 - 1
 

Banking M&A would be boiterous in 2015 

The new mergers follow the successful merger of PVFC and Western Bank to make a new bank, PvcomBank, in early September 2013.

The State Bank of Vietnam said eight of nine weak banks have merged or been acquired by a larger bank and their operations have been significantly improved.

Source: dtinews.vn
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