banks to be allocated credit growth as

Banks to be allocated credit growth quotas

This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.
new bridge to scarce credit lines

New bridge to scarce credit lines

Industry insiders are considering ways to improve firms’ access to credit.
eurozone banks park record funds at ecb

Eurozone banks park record funds at ECB

Eurozone banks deposited a record amount of overnight funds at the on Monday, official data showed Tuesday as banks remain extremely wary of lending to each other.
european stocks euro turn lower on ecb lending

European stocks, euro turn lower on ECB lending

European stocks and the euro slipped back Wednesday as initial gains made on news of a massive bank liquidity injection by the faded in unease at the huge amount offered.
foreign banks face asset threshold

Foreign banks face asset threshold

Foreign banks who want licences to operate in Vietnam must have at least VND100 trillion ($4.76 billion) worth of assets in total, according to the State Bank of Vietnam (SBV).
new circular to enforce independent audits

New circular to enforce independent audits

All credit institutions and branches of foreign banks in Vietnam will have to obey rules on independent audit beginning January 1, according to a new circular issued on December 15 by the State Bank of Vietnam (SBV).
local banks need to play top game

Local banks need to play top game

Local banks need to spruce up their act or risk an exodus of retail customers to foreign banks.  
mobilisation rate holds true

Mobilisation rate holds true

The State Bank has quashed rumours that the deposit interest rate cap will drop to 12 per cent in a move that should make the country’s struggling small banks breathe just a little easier.
cba determined to remain ahead of the field

CBA determined to remain ahead of the field

Vietnam is our committed market that we will keep expanding and investing in with our wide range of developed technology.
joint merger bank named saigon commercial bank

Joint merger bank named ‘Saigon Commercial Bank

Ficombank, Tin Nghia Bank and Saigon Commercial Joint Stock Bank passed a resolution at a shareholders meeting held on December 15 to name their joint merger bank as ‘Saigon Commercial Bank’ with a capital of VND10.5 trillion ($507.8 million), equaling 1,058 shares, and total assets worth VND153.62 trillion.
chinas bank deposits fall as investors sell yuan

China's bank deposits fall as investors sell yuan

withdrew hundreds of billions of from major banks in the first 10 days of December, state media said Friday, on falling expectations the currency will strengthen.
investors to move with times

Investors to move with times

In November Vietnam’s stock market witnessed low liquidity with stock prices plunging to lows not seen in several years and some stocks were not worth a cup of tea.
banks merge as state bank takes bold action

Banks merge as State Bank takes bold action

The restructuring of Vietnam’s banking system is hotting up with three private domestic banks about to merge.
moving on track to keep banks in good health

Moving on track to keep banks in good health

Inflation has to be stable, even in a range of 8-9 per cent, so people can live with it, and this has to be achieved.  
acting for the greater good of banking

Acting for the greater good of banking

State Bank governor Nguyen Van Binh has just aired a plan to merge three Ho Chi Minh City-based banks Ficombank, Tin Nghia Bank and Saigon Commercial Joint Stock Bank (SCB) on a voluntary basis. National Assembly’s Economic Committee deputy chairman Nguyen Duc Kien shares his views with VIR.