four banks licenced to offer public shares

Four banks licenced to offer public shares

The State Securities Commission has licenced Vietcombank, TienPhong Bank, VP Bank and Western Bank to offer additional shares.
deck reshuffled to keep shareholders sweet

Deck reshuffled to keep shareholders sweet

Maintaining shareholders’ profits is forcing joint stock banks into a taxing juggling act.

HBB poor debut shows ill market

Habubank plunged below the par value in its Hanoi Stock Exchange debut last week, reflecting a weak sentiment for Vietnam’s listed banks’ shares.

Banks on mission to hunt deposits

Banks are making a major push to attract more deposits. Tran Thi Van, an accountant at a private company, told VIR that in the last week she received total of eight calls from banks’ staff inviting her to deposit money.

AIB rocked by customer withdrawals as Irish talks go on

Allied Irish Banks was rocked Friday as it revealed customer deposits have plunged 13 billion euros ($17.8 billion) since January and said ongoing EU-IMF bailout talks could affect its future.
sbv foreign exchange market sees positive signs

SBV: Foreign exchange market sees positive signs

The foreign exchange market has shown positive signs over the past few days, and the balance between the purchase and sale of foreign currencies by commercial banks has improved, according to a new announcement by the State Bank of Vietnam (SBV).
negotiable interest rates on deposits latest draw from banks

Negotiable interest rates on deposits latest draw from banks

A number of banks in Vietnam are offering negotiable deposit rates in a bid to attract more customers

Forex headache

Local firms are finding it hard to source dollar loans or buy cheap greenbacks from banks as forex market turbulence continues.

More traders to be licenced to import gold

More banks and gold traders will be given licences to import gold in an effort to stabilise the market, according to the State Bank of Viet Nam.
banks surpass limit on deposits

Banks surpass limit on deposits

Some of Vietnamese commercial banks now offer yearly interest of up to 14 per cent for VND deposits after offering 12 per cent earlier this week.

EU extends Irish bank guarantees until June 2011

European Union competition authorities gave Ireland the green light on Wednesday to extend guarantees for crisis-hit banks until June 2011.

Banks enjoy looser deposit interest cap

Commercial banks have begun increasing deposit interest rates in accordance with an agreement reached last week among members of the Vietnam Banking Association that allows banks to pay as high as 12 per cent per year.
banks rush to compete as interest rates reach 12 per cent

Banks rush to compete as interest rates reach 12 per cent

Commercial banks raised their VND deposit interest rate to 12 per cent per annum from today (November 8), while racing to offer promotions to attract deposits.
listed banks may face bad debt limits

Listed banks may face bad-debt limits

Credit institutions with bad debts of more than three per cent will not be allowed to list on the stock exchanges, according to a draft circular of the State Bank of Vietnam (SBV).

Australia to crack down on 'arrogant' banks

Australian Treasurer Wayne Swan vowed to crack down on "arrogant" banks in an extraordinary attack Wednesday as major lenders face mounting anger over rising interest rates and fees.