cba rapidly makes big market impression

CBA rapidly makes big market impression

“We believe there is sufficient growth and demand for financial services for all Vietnamese banks, whether local or foreign, to operate successfully and profitably”
local market tempts foreign banking eyes

Local market tempts foreign banking eyes

Vietnam’s market is attracting foreign banks to open wholly-owned, locally incorporated subsidiaries.

State Bank to use an iron hand

State Bank Ho Chi Minh City branch director Ho Huu Hanh tells VIR that from December 15 it would take iron hand towards banks infringed upon the 14 per cent per year ceiling deposit rate requirement.
three banks provide hoa phat with 75 mln loan

Three banks provide Hoa Phat with $75 mln loan

Hoa Phat Group, Vietnam’s biggest listed steel producer, has signed a syndicated loan for VND1.5 trillion (some $75 million) with three Vietnamese banks to develop its steel complex, stage two, in northern Vietnam.
deadline for banks to raise capital pushed back a year

Deadline for banks to raise capital pushed back a year

Prime Minister Nguyen Tan Dung has accepted a proposal from the State Bank of Vietnam to extend the deadline for banks to raise their chartered capital to VND3 trillion ($150 million) by one year to December 31, 2011, said the bank on December 14.

Banks lower deposit interest rates after agreeing to cap

Most banks eased deposit interest rates to 15 per cent and below on Monday after a dozen of the major ones signed an agreement with the central bank late last week.

ECB capital increase under discussion: source

The European Central Bank might ask member central banks to approve a capital increase this week, a European source close to the matter told AFP on Tuesday.
proposed regulatory reforms to impact asias banking models

Proposed regulatory reforms to impact Asia’s banking models

Proposed reforms to the Basel Accord are expected to have a significant impact on banks in Asia-Pacific, according to a recent joint KPMG and Oracle survey of executives from financial institutions across the region.
banks look to end 2010 with a bang

Banks look to end 2010 with a bang

“Most banks are trying to meet their deposit growth rate and total asset targets”
poss set to multiply

POSs set to multiply

Fifteen large scale commercial banks are onboard with three switching companies Banknetvn, Smartlink and VNBC to offer card holders in Hanoi and Ho Chi Minh City with more points of acceptance (POS) from December 9.
australia unveils sweeping banking reforms

Australia unveils sweeping banking reforms

Australia unveiled tough changes to finance laws Sunday, banning unpopular mortgage fees and cracking down on price collusion between major banks in a bid to boost competition in the sector.
central banks of vietnam and malaysia agree to co operate

Central banks of Vietnam and Malaysia agree to co-operate

A memorandum of understanding (MoU) for co-operation between the State Bank of Vietnam (SBV) and the central bank of Malaysia, Bank Negara Malaysia, was signed in Hanoi on December 4.
local businesses borrow at any costs for booming time at yearend

Local businesses borrow at any costs for booming time at yearend

Financial experts said many businesses would be willing to borrow money at the current rates as they need large sources of capital at the end of the year, which is expected to be a booming time of the local retail market.
bank credit rate hits dizzy 20

Bank credit rate hits dizzy 20%

Banks are still reluctant to lend to businesses although interest rates have already climbed to 19 and 20 per cent, putting the latter in a tight spot.
sbv to ease foreign banks procedures

SBV to ease foreign banks’ procedures

The central bank is set to ease strains on foreign and locally incorporated banks in Vietnam, offering clear legal procedures for lending activities.