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May 29, 2015 11:21 AM ET

Banks

Company Overview of Phuong Nam Commercial Bank

Company Overview

Phuong Nam Commercial Bank offers banking services including depositary and loan services. Phuong Nam Commercial Bank was founded in 1993 and is based in Ho Chi Minh City, Vietnam.

279 Ly Thuong Kiet Street

Ward 15

District 11

Ho Chi Minh City,  

Vietnam

Founded in 1993

Phone:

84 8 866 3890

Fax:

84 8 866 3904

Key Executives for Phuong Nam Commercial Bank

Phuong Nam Commercial Bank does not have any Key Executives recorded.

Phuong Nam Commercial Bank Key Developments

Sacombank And Phuong Nam Bank May Merge

Sai Gon Thuong Tin Commercial Joint Stock Bank (HOSE:STB) and Phuong Nam Commercial Bank may merge, according to Pham Huu Phu, Chairman of Sai Gon Thuong Tin Commercial Joint Stock Bank.

VAMC Reportedly Planning To Acquire Assets Form Other Firms

Vietnam Asset Management Limited (VAMC) will acquired assets of other firms. According to the news report, The company will sign contracts in the week ending on October 25, 2013, to acquire to purchase more than VND 1 trillion in bad debts from MARITIME BANK, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) and Global Petro Commercial Joint Stock Bank (GPBank). The report added the new deal raises the total number of banks offloading bad debts to nine, including Agribank Securities Joint-Stock Corporation (HOSE:AGR), Vietnam Construction Joint-Stock Commercial Bank, Phuong Nam Commercial Bank, Sai Gon Thuong Tin Commercial Joint Stock Bank (HOSE:STB), Sai Gon-Ha Noi Commercial Jointstock Bank (HASTC:SHB), and Petrolimex Group Commercial Joint Stock Bank. It's reported that Techcombank plans to sell VND 93 billion in bad debts, GPbank to rid VND 498 billion and Maritime Bank to offload VND 500 billion in non-performing loans to VAMC. The report mentioned that VAMC estimates it will buy around VND 10 trillion of bad debts by the end of October 2013.

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To contact Phuong Nam Commercial Bank, please visit www.southernbank.com.vn. Company data is provided by Capital IQ. Please use this form to report any data issues.

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