State bank | Jotup

Insurance Market size is set to grow by USD 1.42 billion from 2023-2027, increasing government regulations on mandatory insurance coverage in developing countries to boost the market growth, Technavio

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Friday, April 26, 2024

In many countries, you must have insurance for your car if you drive on public roads.

Key Points:

In many countries, you must have insurance for your car if you drive on public roads.
As developing countries grow, more people are buying cars, which means more people need car insurance.
In places where people are learning more about health insurance, like in developing countries, the market for it is slowly getting bigger.
Because insurance is becoming a must-have, the global insurance market is expected to grow a lot in the coming years.

HDBank increases ‘green’ credit to help popularise Vietnamese rice globally

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Wednesday, April 10, 2024

Farmer, Arm, Growth, Agriculture, HCM, Mekong Delta, State bank, PM, E.Leclerc, Supermarket

Prime Minister Phạm Minh Chính issued Directive No 10/CT-TTg on March 2, 2024, on promoting the production, trading and export of rice in a sustainable, transparent and effective manner.

Key Points:

Prime Minister Phạm Minh Chính issued Directive No 10/CT-TTg on March 2, 2024, on promoting the production, trading and export of rice in a sustainable, transparent and effective manner.
It focuses on meeting credit needs for buying and exporting rice from the 2023-2024 winter-spring crop in the Mekong Delta.
Lộc Trời was also the first enterprise to put Vietnamese rice on the shelves of E.Leclerc, which has nearly 600 hypermarkets and more than 100 supermarkets across France.
In recent years Việt Nam's rice industry has had outstanding success, reaching world levels and establishing its position.

HDBank to pay 25% dividend in cash and stocks, aim for high growth in 2024

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Wednesday, April 10, 2024

State bank, ESG, AGM, HCM, ROA, News, Commercial bank, Risk management

HDBank will pay a dividend of 25%, 10% in cash and 15% in stocks, for 2023.

Key Points:

HDBank will pay a dividend of 25%, 10% in cash and 15% in stocks, for 2023.
HDBank will submit reports to shareholders for approval, including its business performance in 2023, business plans for 2024, profit distribution plans for 2023, and other key reports.
Eyeing VND16 trillion profits in 2024, ROE at 24.6%
HDBank, which has gone through a 10-year journey of reform, maintained its high and steady growth in 2023.
In 2024 the bank remains on track for high growth while developing a comprehensive environmental, social and governance (ESG) strategy.

Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-wallets, Card Organizations

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Monday, April 8, 2024

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

Key Points:

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.
Working with local merchants, tourism sites and commercial districts, the Program aims to enhance international visitors' experience and drive business for local merchants.
As part of the International Consumer Friendly Zones program, Ant Group will collaborate closely with partners to significantly enhance accessibility and convenience of the two mobile payment options for international visitors.
Jake Xue, General Manager, Global Business Services, Ant Group, said, “Seamless payment and consumer experience is critical for international travel as well as for broader cultural and economic exchange.

Metropolitan Commercial Bank Bolsters Risk Management and Finance Teams with Experienced Large Bank Veterans

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Thursday, February 29, 2024

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“Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.

Key Points:

“Metropolitan Commercial Bank is delighted to welcome Greg Gaare, a seasoned risk management professional.
He recently was the Deputy Chief Risk Officer in the Risk Management Division of Flagstar Bank.
We will continue to position Metropolitan Commercial Bank as an industry leader,” Gregory Gaare, Senior Vice President and Chief Risk Officer at Metropolitan Commercial Bank remarked.
“With its rich history and commitment to excellence, Metropolitan Commercial Bank is at the forefront of the commercial banking industry.

Flywire Partners with State Bank of India (SBI) to Digitize Education Payments from India

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Tuesday, February 6, 2024

Partnership, State bank, Reserve Bank, Student, SBI, Open, Rupee, Investment, SVP, Education, LRS, State Bank of India, Cryptocurrency

BOSTON and MUMBAI, India, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today announced that it has partnered with State Bank of India, India’s largest public sector bank, to enable Indian payers to seamlessly and digitally pay international education-related fees in their local currency (Indian Rupees) to higher education institutions all over the world. The integration provides students and families a streamlined and completely digital experience when making high-value education payments, and helps them comply with the Liberalized Remittance Scheme (LRS), which are guidelines to help streamline overseas transactions and investments for residents of India.

Key Points:

Flywire integrates directly into SBI’s banking platform, providing Indian students with a fully digital checkout experience for their transactions, ranging from application fees to tuition payments.
The partnership between Flywire and SBI provides an innovative approach to education payments and offers many benefits to students and institutions alike.
SBI customers can complete payments from local currency accounts to the thousands of Flywire education clients in a simple, three step process.
Flywire identifies the source of payments delivered to an institutions’ bank account and automatically posts each payment to the applicable student record.

Vietnam International Remittance Business Prospects Report 2023: Firms are Forging Strategic Alliances to Open New Remittance Corridors - Forecasts to 2028 - ResearchAndMarkets.com

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Friday, January 12, 2024

Technology, Banking, Professional Services, Payments, XRP, Partnership, International, World Bank, SBI Group, State bank, Growth, Financial services

International inbound remittance market in Vietnam has increased at 2.9% during 2022 to reach US$ 13.15 billion in 2023.

Key Points:

International inbound remittance market in Vietnam has increased at 2.9% during 2022 to reach US$ 13.15 billion in 2023.
Firms are also forging strategic alliances to open new remittance corridors.
These strategic alliances with drive the overall value and volume of remittance inflows in Vietnam over the next three to four years.
This report provides a comprehensive analysis of the international inbound and outbound remittance market in Vietnam.

OTC Markets Group Welcomes Golden State Bancorp to OTCQX

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Wednesday, December 13, 2023

Bank, OTCQX, State bank, Management, Glendale Federal, Security (finance)

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Golden State Bancorp (“us”, “we”, “our”, or the “Company”) (OTCQX: GSBX), the holding company of Golden State Bank (the “Bank”), has qualified to trade on the OTCQX® Best Market.

Key Points:

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Golden State Bancorp (“us”, “we”, “our”, or the “Company”) (OTCQX: GSBX), the holding company of Golden State Bank (the “Bank”), has qualified to trade on the OTCQX® Best Market.
Golden State Bancorp upgraded to OTCQX from the Pink® market.
Golden State Bancorp begins trading today on OTCQX under the symbol “GSBX.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .
Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets.

SeABank and AEON Financial Service have signed a Memorandum of Understanding for strategic cooperation and exchanged the Capital Transfer Agreement of PTF Financial Company

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Monday, December 18, 2023

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AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.

Key Points:

AEON Financial is a member of the financial sector within the AEON Group, the largest retail conglomerate in Japan, with a strong presence in Japan, China, and Southeast Asia, including Vietnam.
As of the end of February 2023, AEON Financial has reached 48 million credit card users.
The signing of the Memorandum of Understanding for strategic cooperation opens opportunities for SeABank and AEON Financial to deepen collaboration, aiming to become comprehensive partners and maximize the strengths of both parties.
Before, SeABank and AEON Financial had signed a contract to transfer the entire capital contribution of SeABank to Postal Finance Company (PTF) for a transfer price of 4,300 billion VND.

Advancing the Belt and Road Initiative: Focusing on Sustainable and High-Quality Growth

Retrieved on:

Monday, November 13, 2023

Over the past decade, the country, through its participation in the initiative, has constructed over 2,000 kilometers of railways.

Key Points:

Over the past decade, the country, through its participation in the initiative, has constructed over 2,000 kilometers of railways.
"This robust transport network, integrated with the world's second-largest economy and the European Union, benefits both Kazakhstan and global trade," Mr. Kelimbmetov noted.
By doing so, it's elevating its international presence and driving the liquor industry towards a new development paradigm, explained Mr. Zhang.
Aziz also anticipated the BRI cooperation to contribute 2.5% to Pakistan's GDP growth and meet over 50% of its energy demand by 2030.