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Wednesday, July 6, 2022
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banks

Vietnam to complete handling of poor-performing banks by 2025

HCMC – The Government has approved a banking sector restructuring and bad debt settlement plan in which the handling of poor-performing commercial banks will...

Depositors turn bondholders

In the past, depositors who put money in their bank accounts could choose to become corporate bondholders or real estate investors. The market needs...

Banks begin to hike deposit rates

HCMC – Commercial banks are rushing to increase deposit rates to speed up their capital mobilization. Twelve of over 30 banks have raised their deposit...

More bank M&A deals on the horizon

This year, changes of hands are likely at some banks, in addition to mergers and acquisitions (M&A) and share sales to foreign partners. Now that...

Bad debt at banks rises to four-year high amid pandemic

HCMC – The bad debt ratio at commercial banks has soared to a four-year high of 1.9%, Le Trung Kien from the State Bank...

Banks’ rush for corporate bonds faces scrutiny

HCMC – As many banks are rushing to buy corporate bonds, the State Bank of Vietnam (SBV) has issued Circular 16 tightening control over...

Many banks report handsome profits in Jan-Sept

HCMC – Many local banks have released their business results in the January-September period of this year, with many of them reporting high profits. Specifically,...

Will banks have to cut lending rates?

In the context that liquidity has become abundant again and credit growth turns sour because of demand heading south in the latest pandemic resurgence,...

Banks shut over 300 transaction offices in HCMC over stringent anti-virus measures

HCMC - Over 300 transaction offices of commercial banks in HCMC have suspended their operations as the city bans residents from leaving their homes...

SBV to impose credit limits on banks failing to cut lending rates as committed

HCMC - The State Bank of Vietnam (SBV) will encourage or restrict credit growth at banks next year, depending on whether these banks have...

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