savers flee small banks over interest cap

Savers flee small banks over interest cap

The deposit interest rate cap of 14 per cent imposed last month is causing small banks to lose customers, who are moving to the security of the bigger banks.
banks get caught in the middle

Banks get caught in the middle

Banks are offering personal loans, but interest rates remain sky high.
central bank licenses new gold imports

Central bank licenses new gold imports

The State Bank of Vietnam yesterday licensed 10 banks and gold trading companies to import a total of four tons of gold.
bank bond issue in the spotlight

Bank bond issue in the spotlight

Despite Moody’s negative outlook for Vietnam’s banks, prospects for Vietinbank’s overseas bonds issuance look rosy.
everyone watching the rate game

Everyone watching the rate game

The central bank is keeping a close eye on interest rates as local banks put their shoulders to the wheel.
small banks suffer from cap on interest rate limits

Small banks suffer from cap on interest rate limits

Many small banks have been found offering higher interest rates than the capped limit of 14 per cent per annum, despite warnings of stiff penalties by the State Bank.
central bank deals with banks violating interest cap

Central Bank deals with banks violating interest cap

The State Bank of Vietnam is stepping up measures to penalise banks that are exceeding the deposit interest cap rate of 14 per cent per year by offering bonuses, promotions and incentives to customers.
dollar edges up but central banks action weighs

Dollar edges up but central banks action weighs

The greenback edged up in Asian trade Friday as traders adjusted their positions but an agreement among major central banks to provide dollar funding kept pressure on the US unit, dealers said.
differing fortunes for state players

Differing fortunes for state players

The business outcomes of state groups, corporations and banks were a mixed bag in the first eight months of 2011.
state bank forms advisory panel of top commercial banks

State Bank forms advisory panel of top commercial banks

The State Bank of Vietnam plans to establish a standing group of 12 leading commercial banks which represent 85 per cent of market share to address issues that arise in the banking system.
strong hand to knock market into shape

Strong hand to knock market into shape

Industry insiders are pushing strong measures to help stabilise the local financial market.
restructuring should focus on small banks

Restructuring should focus on small banks

Banking sector restructuring should begin with high-risk, smaller banks to make the whole system healthy, former State Bank governor Cao Sy Kiem tells VIR.
banking on a dose of strong medicine

Banking on a dose of strong medicine

Industry insides are mulling over how to deal with bad debts and feeble banks which are weakening the local banking system.
eurozone banks deposit funds heavily at ecb

Eurozone banks deposit funds heavily at ECB

Eurozone banks deposited the biggest amount of overnight funds at the ECB so far this year on Monday, official data showed on Tuesday in a signal that banks are wary of lending to each other.
div caught between a rock and a hard place

DIV caught between a rock and a hard place

The Deposit Insurance of Vietnam (DIV) cannot help local banks and credit institutions deal with risks effectively unless current insurance premiums and deposit limits are hiked to fit actual development conditions, DIV general director Bui Khac Son tells VIR.