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PG Bank to be merged into HDBank
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HANOI – Shareholders of HCMC Development Joint Stock Commercial Bank (HDBank) have approved a plan in which Petrolimex Group Commercial Joint Stock Bank (PG Bank) will be merged into HDBank.
Short-term deposit rates drop
Thursday,  Apr 19,2018,19:20 (GMT+7)
HCMC – Some commercial banks have revised down rates for short-term deposits, which is quite unexpected compared to forecasts of rate hike pressure for this year, according to Nguoi Lao Dong.
VND20 trillion in credits for HCMC’s 2018 market stabilization
Thursday,  Apr 19,2018,19:19 (GMT+7)
HCMC – Twelve credit institutions participating in the market stabilization program this year have agreed to set aside VND19.65 trillion to make low-interest loans for enterprises.
Local banks still lukewarm to FinTech
Monday,  Apr 16,2018,22:02 (GMT+7)
HANOI – Many local banks are still reluctant to team up with financial technology (FinTech) companies without realizing that FinTech serves as a bridge between banks and their potential customers.
Banks cut deposit rates
Thursday,  Apr 12,2018,23:00 (GMT+7)
HCMC – Many banks have slashed deposit interest rates by 20-40 basis points given their ample liquidity, Tien Phong newspaper reports.
Banks speed up listing plans
Thursday,  Apr 12,2018,22:59 (GMT+7)
HCMC – After years of delays, multiple commercial banks are now racing against time to carry out their listing plans, according to a Dau tu Chung khoan news report.
Moody’s gives positive ratings to Vietnam banks
Monday,  Apr 9,2018,21:56 (GMT+7)
HCMC – The long-term local currency deposit and the local- and foreign-currency issuer ratings of Asia Commercial Bank (ACB), Military Commercial Joint Stock Bank (MB), and Vietnam Technological and Commercial JSB (Techcombank) have been upgraded from B2 to B1, said Moody’s Investors Service in a statement.
Sharp credit growth likely to drive up bad debt
Friday,  Apr 6,2018,14:30 (GMT+7)
HCMC – Commercial banks have reported high credit growth in the first quarter of the year, which many fear may send bad debt soaring, especially when a huge amount of capital is pumped into real estate and other high-risk sectors, according to Dau Tu Chung Khoan newspaper.
Banks report huge profits in quarter one
Thursday,  Apr 5,2018,19:21 (GMT+7)
HCMC – Many banks have generated profits of trillions of dong after the first quarter though the quarter is normally the period when credit growth is modest, Dau Tu Chung Khoan newspaper reported.
Credit growth reaches 2.23% in quarter one
Wednesday,  Apr 4,2018,20:09 (GMT+7)
HCMC – Credit growth in the national economy reached 2.23% in the first quarter of this year, compared with 2.81% in the year-ago period, according a report of the General Statistics Office.
CAR falls slightly in 2017
Wednesday,  Apr 4,2018,20:08 (GMT+7)
HCMC - The capital adequacy ratio (CAR) of the banking system as of end-2017 was 11.1%, down from 11.6% in end-2016, according to a recent report of the National Financial Supervisory Commission (NFSC).
HSBC: Forex rate stable, inflation under pressure
Monday,  Mar 26,2018,23:03 (GMT+7)
HCMC – As HSBC Vietnam projected, the Vietnam dong-U.S. dollar exchange rate will stay around VND22,900 per dollar this year, but inflation pressure will build up due to rising food and fuel prices.
Banks raise U.S. dollar selling prices
Friday,  Mar 23,2018,22:19 (GMT+7)
HCMC – Commercial banks on March 22 revised up the selling price of the U.S. dollar, even exceeding VND22,800, after the U.S. Federal Reserve (Fed) raised interest rates on Wednesday, news site VnEconomy reports.
Banks raise service fees
Thursday,  Mar 22,2018,18:49 (GMT+7)
HCMC – A number of banks have recently revised up their service charges, which have led to their earnings rising substantially but upset banking service users, even though the increasing amount per transaction is small, according to Thanh Nien newspaper.
Credit growth slow but sustainable
Wednesday,  Mar 14,2018,22:46 (GMT+7)
HCMC – Though credit growth this year is below the same period last year, it is more sustainable, data of the National Financial Supervisory Commission showed.
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