Top-tier banks overthrown, junior banks rise upVietNamNet Bridge - VP Bank and Techcombank have had impressive profits, leaving Military Bank, which once was a leader, far behind. The race among VP Bank, Techcombank and MB began catching the public’s attention in 2015-2016. VP Bank has gained ‘miraculous growth’ since 2013, partially thanks to the strategy on boosting consumer lending via FE Credit, its finance company. Since 2015, the bank’s profit has increased by twofold, 50 percent of which was brought by FE Credit. The strong rise of VP Bank has helped the bank’s share price escalate, now traded at VND53,000 per share, which is only lower than Vietcombank’s shares.

Source: VietNamNet News February 12, 2018 03:33 UTC