Archive for October, 2014

VietinBank to sell shares to Nova Scotia

Posted October 17, 2014 By stoccato

VietinBank , Vietnam’s top partly private lender by assets, aims to conclude talks to sell a 15 percent stake to Canada’s Bank of Nova Scotia in the second quarter of 2011, a state-run newspaper said on Friday.

VietinBank has been accelerating talks with the Canadian bank so that “in Q2 2011 the bank will officially become a shareholder of VietinBank”, Chairman Pham Huy Hung told the central bank-run Banking Times newspaper in an interview.

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