<article><a href="https://vib.com.vn/default.aspx">Vietnam International Bank</a> (VIB), has affirmed a merger possibility but clarified that the partner must be a healthy, transparent credit institution.</article>

<a href="https://vib.com.vn/default.aspx">Vietnam International Bank</a> (VIB), has affirmed a merger possibility but clarified that the partner must be a healthy, transparent credit institution.
VIB chairman Dang Khac Vy acknowledged that M&amp;A was an essential need to increase the size of the bank. “For years, we have been operating VIB in a transparent way. Thus, when we find another partner with clear financial data and management information, the merger is not put at risk,” said Vy during the bank’s shareholder meeting on Friday.
The plan to list the shares, which was mentioned several years ago, has been put on hold.
The bank explained further that its priority last year was to expand network and products, as VIB’s capital adequacy ratio (CAR) was relatively high at 17 per cent, and the bank was not in a hurry to raise more funding.
“In 2016 at the earliest, the listing process will be executed,” Vy added.
The <a href="https://www.commbank.com.au/">Commonwealth Bank of Australia</a>, which is VIB’s strategic partner, with about a 20 per cent stake, in it, said it wanted VIB to list. However, the timing is important, as the Vietnamese bank will have to use the capital raised from the stock market, to generate sustainable profit.
In 2014, VIB profit was estimated at VND648 billion ($30.14 million). The Hanoi headquartered bank targets to increase the figure by one per cent, while total asset is expected to rise 9 per cent to VND88.25 trillion ($4.1 billion), this year. This value is at the same level with other banks, except for the four giants in assets <a href="http://agribank.com.vn/english.aspx">Vietnam Bank for Agriculture and Rural Development</a>, or Agribank,<a href="http://www.bidv.com.vn/"> the Bank for Investment and Development of Vietnam</a>, <a href="http://vietcombank.com.vn/">Vietcombank</a> and <a href="http://www.vietinbank.vn/">Vietinbank</a>.
It is also planning two possibilities of credit growth, either increasing 11 per cent to VND42.38 trillion ($1.97 billion) or 27 per cent to VND48.53 trillion ($2.26 billion). The lower target was approved by the State Bank of Vietnam, while the latter, according to the chairman, is more relevant to the bank’s current performance.
Its non-performing loan ratio was reduced from 2.82 per cent to 2.51 per cent within the year 2014 and is expected to stay stable in 2015.
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Vietnam International Bank (VIB), has affirmed a merger possibility but clarified that the partner must be a healthy, transparent credit institution.

Vietnam International Bank plans merger, puts listing plan on hold

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Vietnam International Bank plans merger, puts listing plan on hold

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