|Bid||0.0000 x 80000000|
|Ask||0.0000 x 2201000000|
|Day's Range||0.0370 - 0.0376|
|52 Week Range||0.0276 - 0.0414|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||0.00|
|Earnings Date||May 06, 2021 - May 10, 2021|
|Forward Dividend & Yield||0.00 (2.07%)|
|Ex-Dividend Date||Oct 02, 2020|
|1y Target Est||0.05|
Rating Action: Moody's assigns first-time B2 ratings to Vietnam - Russia Joint Venture BankGlobal Credit Research - 01 Mar 2021Singapore, March 01, 2021 -- Moody's Investors Service has assigned first-time B2 long-term deposit and issuer ratings to Vietnam -- Russia Joint Venture Bank (VRB), a bank based in Vietnam (Ba3 negative). Moody's has also assigned to the bank a b2 Baseline Credit Assessment (BCA) and adjusted BCA. The full list of assigned ratings and assessments is at the end of this press release.The rating outlook is stable.RATINGS RATIONALEVRB's B2 long-term deposit and issuer ratings reflect VRB's strong capitalization, which somewhat offsets its weak asset quality due to significant loan concentration to large borrowers and modest profitability because of the bank's small franchise.The ratings are at the same level as the bank's b2 BCA, based on Moody's expectation of a low probability of support from the Government of Vietnam or from the bank's shareholders in times of need.VRB's capitalization is strong, with its tangible common equity to adjusted risk-weighted assets ratio at 19% as of 30 June 2020 under Basel II, the highest among Moody's-rated domestic peers.
The central bank cut its benchmark interest rate to a record low of 4.25% in July. With inflation seen rising towards the bank's 4% target from 3.2% in the coming months, deposit rates have become less lucrative and the cost of borrowing has come down. Deputy Chairman of VTB's management board Anatoly Pechatnikov said the bank expects mortgage loans to grow by 12% this year, but stressed that the uncertainty caused by the COVID-19 pandemic meant it was too early to give any exact forecasts.
Yandex has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth. Yandex, co-founded by its Chief Executive Arkady Volozh in the 1990s, grew from a search engine to provide everything from online taxi services to food delivery, cinemas and a market place. This week, Yandex moved to divorce from Sberbank on their two joint projects, Yandex.Market and Yandex.Money, and announced plans to raise $200 million in new shares and another $600 million in private placement to fund the growth.