competition for international credit cards heats up

Competition for international credit cards heats up

Several banks are competing to issue more international credit cards after a new government decision lowered the volume of foreign currency permitted to be taken out of the country without declaration.
banks told to lower credit growth to 20 pc

Banks told to lower credit growth to 20 pc

The State Bank of Vietnam has instructed commercial banks to submit plans by April 21 for holding credit growth this year at less than 20 per cent.
us banks to settle on financial crisis penalties

US banks to settle on financial crisis penalties

Several major US banks are close to an agreement with the Wall Street regulator to settle fraud allegations related to the "toxic" mortgages behind the 2008 financial crisis, a report said Friday.
sbv to consider upping foreign stakes in banks

SBV to consider upping foreign stakes in banks

Prime Minister Nguyen Tan Dung has instructed the State Bank of Vietnam (SBV) to consider allowing commercial banks to sell up to 20 per cent of their charter capital to a single foreign strategic investor.
multilateral banks join forces to aid arab nations

Multilateral banks join forces to aid Arab nations

A group of powerful multilateral financial institutions are joining forces to support Arab hopes for a better economic future, the US and French governments announced Thursday.

Banks axe USD mobilising interest rate

All banks simultaneously reduced their USD deposit interest rates to 3 per cent on April 13 in response to the State Bank of Vietnam ’s recent related decision, which took effect the same day.
eu banks threaten global financial stability imf

EU banks threaten global financial stability: IMF

Unhealthy European banks are the biggest threat to global financial stability, and they need to find fresh capital, the International Monetary Fund said Wednesday.
banks hedge bets on when to list

Banks hedge bets on when to list

A slew of banks are considering appropriate times to list on Vietnam’s stock market during 2011.

Allied Irish Banks posts annual loss of 10.4 bn euros

State-rescued Allied Irish Banks said Tuesday that its net losses ballooned to 10.4 billion euros ($15 billion) in 2010, adding that it planned to axe more than 2,000 jobs by the end of next year.
spain confident its banks will pass stress tests

Spain confident its banks will pass stress tests

Spain will submit all its banks and savings banks to stress tests at a European-recognised level, its finance minister said on Saturday, expressing confidence of a positive result.
economic woes deflate bond market

Economic woes deflate bond market

High inflation and bond yields lower than banks interest rates, as well as the decreasing value of the Vietnamese dong against the US dollar, have combined to derail recent government bond issues, said Vietnam Bond Market Association vice chairman Trinh Hoai Giang.
two foreign banks fund mao khe thermal power plant

Two foreign banks fund Mao Khe thermal power plant

BNP Paribas of France and Bank of China will provide an export credit agency (ECA) worth $275 million to the Mao Khe Thermoelectric Power Plant.
local banks hunting for dance partners

Local banks hunting for dance partners

Scores of local banks are considering plans to join hands with foreign strategic partners, but the story is not just simple.
banks urged to quite race to put stability first

Banks urged to quite race to put stability first

Financial experts recommend putting a brake on the current non-term deposit interest rate hiking race to ensure banking system stability.
banking on muscling up charter capital

Banking on muscling up charter capital

Score of banks plan to hike chartered capital to enhance competitiveness.