Vietnam Prosperity Joint Stock Commercial Bank (VPBank) plans to distribute nearly VND 20,000 billion in cash dividends over three years, maintaining a 5% payout in 2025. This strategy, supported by a strong capital base and consistent profit growth, positions VPBank favorably amid market volatility. Analysts recommend VPBank shares for their attractive valuation and growth potential, bolstered by contributions from subsidiaries like FE CREDIT.
SMBC partners with Fujitsu to enhance corporate advisory services using AI
Sumitomo Mitsui Banking Corp (SMBC) is partnering with Fujitsu to leverage AI models aimed at enhancing advisory services for corporate clients amid rising costs. The collaboration involves discussions to share sensitive client data, allowing Fujitsu to optimize decisions related to staffing, procurement, and financing. This initiative represents a significant step for a Japanese bank in sharing client information with an external entity.
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