Press Releases

On October 10th 2017, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) introduced the VPBank StartUp project to support startup companies with a total value of USD 1 million in the first year.

On August 17th 2017, 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (HSX: VPB) were officially listed on the Ho Chi Minh Stock Exchange (HOSE) with a reference price of VND 39,000.

IFC, a member of the World Bank Group, has recently approved a convertible loan of USD 57 million to Vietnam Prosperity Joint-Stock Commercial Bank (VPBank). Accordingly, IFC can convert the loan to VPBank’s common shares within the loan term.

On May 5th, 2017, VPBank and the Small & Medium Enterprise Development Fund (SMEDF) of the Ministry of Planning and Investment signed a framework agreement on helping SMEs access Government financial support.

VPBank has announced positive business results for Q1/2017, with total assets increasing to nearly VND 230 trillion, of which deposits & issued valuable papers reached VND 186 trillion, increasing VND 14 trillion from the end of 2016.

IFC, a member of the World Bank Group, has recently approved an additional financing package of more than USD 80 million for VPBank, which increases its total financing package to more than USD 200 million. This is the biggest financing package that IFC has offered to a joint-stock commercial bank over the past two years.

According to “Best Places to Work” Survey conducted annually by Anphabe with expertise support of the leading market research company Nielsen, VPBank is one of 5 enterprises which was honored the Happiest Workforce Award.This was the first time Anphabe create Happy Workforce Model in the survey. Accordingly, employees can only find real happiness when they connect with their enterprises and want to support and commit to their working places.

IFC, a member of the World Bank Group has recently approved an additional financing package of more than USD 80 million for VPBank, which increases the total financing package to more than USD 200 million. This is the biggest financing package that IFC has offered to a joint stock commercial bank over the past 2 years.

In 2016, VPBank achieved impressive business result with unprecedentedly good indicators, reflecting the operational efficiency, service quality and sustainable growth.
By the end of 2016, VPBank’s total assets reached nearly VND 226 trillion, increasing by 16.5% from VND 194 trillion in 2015. Deposits reached VND 172 trillion, up 13.15% compared to 2015, in which long-term deposits share increased significantly, from 40% last year to 50% at the end of 2016. Capital Adequacy Ratio (CAR) reached 13.03%, remaining at higher level than the requirement of 9% of the State Bank.

IFC has approved a USD 125 million finance package for Vietnam Prosperity Joint Stock Commercial Bank (VPBank). This is the largest loan that IFC – a member of the World Bank Group – has provided to a Vietnamese bank in 2016.

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