CBBank is the abbreviation of Vietnam Construction Commercial Joint Stock Bank. The bank was established in 1989 with the first name of Rach Kien Rural Commercial Joint Stock Bank.
In 2007, the bank transformed its operating model from a rural bank to an urban commercial joint stock bank, and changed its name to Dai Tin Commercial Joint Stock Bank.
In May 2013, the State Bank approved the name change to Vietnam Construction Joint Stock Commercial Bank.
In 2015, the State Bank of Vietnam (SBV) acquired all of the capital of the Construction Bank at a price of VND0 per share, thereby making SBV the owner of 100% of the charter capital. The bank then transformed its model from a joint stock commercial bank to a single-member limited liability bank owned by the State.
CBBank is a 100% state-owned bank. (Photo: CBBank)
After 9 years of officially returning to operation, CBBank now has a charter capital of 3,000 billion VND and a network of nearly 100 operating points nationwide. As a 100% state-owned bank with comprehensive support from Vietcombank in terms of management, technology, customers, liquidity, etc., Construction Bank aims to develop into a multi-functional retail bank on a modern technology platform.
Main products and services at CBBank
Construction Bank operates as a multi-functional retail bank on a modern technology platform, providing a variety of financial products and services suitable to the needs of a wide range of customers such as:
- Capital mobilization (receiving customer deposits) in Vietnamese Dong and foreign currency
- Lending capital (providing credit, investing, contributing capital to joint ventures) in Vietnamese Dong and foreign currencies; Financial services (making domestic payments, performing treasury services, transferring remittances and fast money transfers, life insurance via banks)
- International payments and foreign exchange trading.
- Retail banking services, lending, and construction and housing services will be focused on development by the bank.
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