Vietnam Prosperity Joint-Stock Commercial Bank
HHOSE:VPB23,950.00
VND
-50.00
(-0.21%)
ISIN
VN000000VPB6
Return %
Stock
S&P 500
1Y
-0.86
14.20
3Y
39.75
81.12
5Y
21.72
68.34
Capital Structure
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•
in mil. unless spec.Working Capital
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•
in mil. unless spec.Growth Rates
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•
in mil. unless spec.Quarterly Revenue
VND
•
in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
VND
•
in mil. unless spec.Company Description
- CEO
- Vinh Duc Nguyen
- Full Time Employees
- 28,768
- Sector
- Finance
- Industry
- Major banks
- Address
- Ha Noi Vietnam
- IPO Date
- Aug 18, 2017
- Website
- vpbank.com.vn
- Similar Companies
- Business
- Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) is a financial institution that provides retail, commercial, corporate, and consumer finance banking products and services to individual consumers, small and medium-sized enterprises, and corporate clients in Vietnam. Founded in 1993 and headquartered in Hanoi, Vietnam, the bank operates through a nationwide network of branches, transaction offices, and digital channels. VPBank offers a comprehensive suite of financial solutions, including: retail banking products, comprising demand deposits, term savings, certificates of deposit, residential mortgage loans, automotive financing, unsecured personal loans, credit and debit cards, wealth management, bancassurance, and foreign exchange services; small and medium enterprise (SME) and commercial banking services, comprising working capital credit facilities, term loans, trade finance, letters of credit, bank guarantees, supply chain finance, cash management, merchant payment services, and corporate payroll administration; corporate and institutional banking solutions, comprising syndicated lending, structured project finance, debt underwriting, treasury operations, and foreign exchange and interest rate derivatives; consumer finance products through its subsidiary VPBank Finance Company Limited (FE CREDIT), comprising consumer installment loans, two-wheeler loans, personal cash loans, and co-branded credit cards; securities brokerage and investment banking services through VPBank Securities Joint Stock Company (VPBankS), comprising equity and bond brokerage, margin financing, underwriting, bond distribution, and asset management; digital banking platforms, comprising the VPBank NEO mobile and web platform, VPBank NEOBiz for corporate customers, and Cake by VPBank digital bank, offering electronic know-your-customer onboarding, digital deposit taking, micro-investments, and digital consumer credit; and non-life digital insurance products through OPES Insurance Joint Stock Company, comprising travel, motor, health, and personal accident coverage. In recent strategic developments, Sumitomo Mitsui Banking Corporation (SMBC), a subsidiary of Sumitomo Mitsui Financial Group, completed the acquisition of a 15% strategic equity stake in VPBank for approximately USD 1.5 billion, significantly augmenting the bank's charter capital and capital adequacy ratio. VPBank has also recapitalized and scaled VPBank Securities into one of Vietnam's largest securities firms by capital, expanded digital insurance distribution through the integration of OPES Insurance, progressed operational restructuring alongside SMBC Consumer Finance at FE CREDIT, and secured substantial international syndicated loan facilities dedicated to supporting small and medium-sized enterprises, women-led enterprises, and green finance projects across Vietnam.