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Search Results: 2,204 results for keyword "banks".
Profuse real estate lending on alert
23-06-2021 13:45
Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
Non-performing loans boosted by regulation
18-06-2021 08:00
Banks are coming to grips with a tile of non-performing loans due to the pandemic. Kent Wong, partner and head of Banking and Capital Market at VCI Legal, portrays how the new circular’s debt rescheduling may affect banks, and how foreign banks could deal with distressed loans.
Navigating the transition from LIBOR
07-06-2021 07:00
The transition from the London interbank offered rate to the risk-free rate will have a wide-ranging impact on banks globally. In the Asia-Pacific region, a significant number of banks will be affected by the transition as most floating rate loans are denominated in USD. Japanese yen loans also make up a significant portion of total exposures.
Rising foreign funds in sound financing
03-06-2021 22:18
Local banks could gain the upper hand thanks to a number of syndicated loan facilities backed by international financial institutions, with a central focus on climate-friendly energy, digitally-led services, and narrowing the gap for small- and medium-sized enterprise financing.
Credit cards for corporates facilitating cashless adoption
03-06-2021 22:09
Besides the retail customer segment, banks are offering a range of credit cards designed to fit the evolving comprehensive needs of small- and medium-sized enterprises and corporates to heighten efficiency and manage business expenses.
Vietnamese bank rushes for digitalised products and services for import - export companies
31-05-2021 16:41
Several banks are exploring digital ways to simplify the hefty paperwork that comes with international trade to enhance operational efficiency and support export-import companies. Military Bank (MB) - one of Vietnam's largest commercial banks - is also accelerating its strength to bridge the gap between local enterprises and international markets and drive long-term resilience.
Non-performing loans rise with restructuring
19-05-2021 09:00
Banks have experienced a significant bad debt formation while implementing strict provisioning to control non-performing loans amid pandemic struggles – however, debt restructuring portfolios will slightly increase in 2021 as related conditions are expanded.
More banks collaborate with fintech firms to develop embedded finance in Vietnam
15-05-2021 12:57
A growing number of banks and fintech firms are forming partnership to implement embedded finance in Vietnam.
Credit institutions asked to tighten loans in “overheating” sectors: SBV
13-05-2021 20:57
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
Lenders on course to reach 2021 targets
13-05-2021 08:00
Favourable legislation from the Vietnamese government, stronger demand for credit, and more affordable cost of capital after policy rate cuts have provided a shot in the arm for banks’ profit.
Expansions emerging in bancassurance services
12-05-2021 08:00
Vietnam’s banks are taking advantage of the increasing demand of high-quality insurance services, which in turn bring vast potential to their future income, while both local and foreign insurers are proactively expanding their bancassurance network.
Building core competencies in digital age
07-05-2021 17:08
The “product-focused” business philosophy faces challenges, forcing banks to switch to “customer-centric” operations and build a digital ecosystem that fufils customers’ needs. Dam Nhan Duc, head of Research and Development of the Military Commercial Joint Stock Bank (MB) looks into the essence of this transformation.
How Circular 03 on debt rescheduling and rates exemption affect to Vietnamese banks
06-05-2021 18:20
Vietnam’s central bank has recently extended the roadmap for commercial banks’ debt rescheduling and provision in a bid to support vulnerable customers hit by the pandemic. Nguyen Thi Phuong Thanh, financial analyst at VNDIRECT, wrote about how loosening the schedule would support banks to retain earnings growth and assure capital safety.
Banks pocket hefty profits in first quarter
05-05-2021 17:56
Local commercial lenders posted soaring profits in the first quarter this year, as mirrored by their newly-released first-quarter financial reports, driven by escalating interest income and a jump in earnings from services.
Banks roll out green credits for eco-friendly approach
29-04-2021 10:00
Since the adverse impacts of climate change are better understood, many financial institutions operating in Vietnam are taking bold steps to finance and facilitate green and eco-friendly loan packages as an essential part of their sustainable investment and net-zero pledges.
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