interest rate fly high as inflation rocks banks

Interest rate fly high as inflation rocks banks

Some local lenders are turning their backs on the interest rate mobilisation cap.
banks putting shoulders to the wheel

Banks putting shoulders to the wheel

Local banks are working to meet macroeconomy stabilisation measures.
2020 vision needed for home mortgages

20/20 vision needed for home mortgages

Leon Cheneval, Savills Vietnam’s national director of banking and corporate services, discusses the local mortgage market and some guidance along the path of making sound mortgage decisions.
eu probes banks over debt insurance abuses

EU probes banks over debt insurance abuses

Europe launched antitrust probes Friday into giant US and European banks whose fine-slicing of the insurance market was blamed by debt-ridden eurozone states for pushing them into bailouts.
banks to stop gold deposits to curtail risks

Banks to stop gold deposits to curtail risks

The State Bank of Vietnam (SBV) is considering a deadline to stop gold deposit and lending activities in an effort to prevent risks and insecurity for the domestic market, six months after taking measures to restrict gold trading activities.
state bank does good job of stabilising currency market

State bank does good job of stabilising currency market

The central bank’s measures on stabilising the foreign currency market have proved fruitful as people have been eager to sell US dollar to commercial banks, financial experts said.
foreign stakes at commercial banks up

Foreign stakes at commercial banks up

Deputy chairman of the National Financial Supervisory Committee Le Xuan Nghia has affirmed that there will be no mass sale of banking shares to foreign investors.
banks post positive q1 business results

Banks post positive Q1 business results

Many domestic banks have reported positive business results in the first quarter (Q1) and said they were confident of hitting their annual targets.
local bank gets into the swing

Local bank gets into the swing

Vietnam Banks has donated VND150 million to build a school.
banks trim yearly growth targets

Banks trim yearly growth targets

ACB and Techcombank are both bucking the trend in the downbeat banking sector by targeting strong growth pace in 2011.
904 million funded for vung ang no1 thermal power plant

$904 million funded for Vung Ang No.1 thermal power plant

banks to stop gold loans deposits

Banks to stop gold loans, deposits

Banks will stop lending gold from May 1 and will stop accepting gold deposits two years from that date, the State Bank of Vietnam said Thursday.
swiss government approves tougher bank rules

Swiss government approves tougher bank rules

The Swiss government on Wednesday approved tougher regulation for major banks, including a provision that allows regulators to adjust their salary systems or ban bonuses if they seek state aid.
financial houses bank on brighter future

Financial houses bank on brighter future

Local banks expect their profit margins to swell in the second half of 2011 in light of expected macroeconomic improvements.
banks think big despite hiccups

Banks think big despite hiccups

Big banks are weighting up high profit targets for 2011 despite current economic vulnerabilities.