UPDATE 1-VietinBank to merge with PG Bank, keep stable profit

April 14, 2015 6:42 AM

65 0

* Says pretax profit in 2015 flat at $338 mln (Updates with approval on 2015 merger, profit targets, comments, share price)

HANOI, April 14 (Reuters) - VietinBank, the largest of Vietnam's banks part-owned by private companies, on Tuesday said it will merge with unlisted domestic lender Petrolimex Group Bank, in the latest move to reform the country's troubled financial sector.

Also read: U.S. state, local tax revenue up 5.8 percent in first quarter: Census

Read more

To category page