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Sunday, November 27, 2022
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banks

Banks report handsome profits in Q3

HCMC - Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly...

Where has all the cash gone?

Capital mobilization by credit institutions has grown at a snail’s pace and lags behind credit growth quotas despite consecutively increasing interest rates since early...

MSB gets nod to hike charter capital

HCMC – The State Bank of Vietnam has approved Vietnam Maritime Commercial Joint Stock Bank's plan to increase its charter capital by over VND4.7...

Banks report hefty profits in H1

HCMC - The first half of this year saw many commercial banks produce positive business results, with their before-tax profits exceeding VND10 trillion. A report...

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...

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