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Indovina Bank Limited (IVB)

Indovina Bank Limited (IVB)

Chairman

CEO

Mr LIU CHUN HAO

Authorized capital

Head Office

Website

https://www.indovinabank.com.vn/

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Indovina Bank Ltd. (IVB) is Vietnam’s first joint-venture bank established on 21 November 1990, under Investment License No. 135/GP issued by the State Committee for Cooperation, Business License No. 08/NH-GP dated 29 October 1992 issued by the State Bank of Vietnam. Currently, SBV has approved for IVB’s Business license amendment to license no. 101/GP-NHNN dated 11 November 2019. The joint-venture partners are Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Cathay United Bank in Taiwan (CUB). Equally contributed by the two shareholders, IVB’s chartered capital was USD193 million at the end of 2018.

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Banks ramp up sale of real estate collateral to recover bad debts

Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.

IVB Bank announced its debt offering

Indovina Bank Limited (IVB) has just announced an offering to sell secured debts to recover loans. The time to receive applications from organizations/individuals wishing to buy debt is before 5:00 p.m. on May 31, 2024.

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