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Search Results: 2,204 results for keyword "banks".
SSI wrapped up a $85 million unsecured foreign loan from foreign banks
15-12-2020 18:08
SSI Securities Corporation has recently inked a deal with a group of nine foreign banks led by the Union Bank of Taiwan (UBOT) for an unsecured loan worth $85 million.
Techcombank bags Best Syndicated Loan in Vietnam by Triple A Country Awards 2020
14-12-2020 19:28
The $500 million syndicated term loan of Techcombank was awarded the Best Syndicated Loan award in Vietnam in 2020 by The Asset. This is the second-largest syndicated loan in Southeast Asia in 2020 and the largest- ever syndicated loan to banks in the Vietnamese market.
IFRS 9 for banks set to be the way forward
14-12-2020 08:00
The International Financial Reporting Standards (IFRS) Roadmap in Vietnam was officially announced in Decision No.345/QD-BTC in March by the Ministry of Finance. Against the mandate by the ministry and economic distress caused by COVID-19, KPMG now views the application of IFRS to be more challenging than anticipated as banks in Vietnam plan forward to embrace IFRS 9.
Standard Chartered Vietnam launches 24/7 instant interbank transfers
13-12-2020 09:03
Standard Chartered Vietnam today announced the launch of its 24/7 instant interbank transfer service on SCPay, its new cloud-native global payments platform, allowing both corporate and individual clients to send and receive funds to and from external bank accounts anytime anywhere including on weekends and public holidays. The service is applicable to beneficiary/ remitter accounts of National Payment Services Vietnam (NAPAS) network member banks.
Corporate bond arena sharpens up for banks
10-12-2020 08:00
Vietnamese lenders are ramping up their presence in the corporate bond landscape by issuing bonds and also purchasing a large amount of this debt instrument. Notwithstanding, the local authorities have warned banks that have bought corporate bonds for the purpose of debt restructuring or stake purchasing may be at significant default risk.
Tax tweak deemed essential to shield digital economy
09-12-2020 15:00
Commercial banks are being required to provide information of taxpayers’ payment bank accounts and transactions to the tax department, as Vietnamese authorities aim to create a level playing field in an open digital economy.
Banks required to disclose taxpayers account info to tax agencies
05-12-2020 11:13
From December 5, 2020, commercial banks in Vietnam are obligated to provide information on taxpayers' bank accounts and transactions to the tax department.
Regional banks need to accelerate ESG efforts amid improvements in sustainability
03-12-2020 17:47
In addition to improvements of regional banks in integrating environmental and social considerations into their financing activities, banks in the region still have large gaps that leave their portfolios vulnerable to risks arising from climate change and natural loss.
Lenders pledge to help revive regional economy via RCEP
27-11-2020 08:36
After a lengthy eight-year negotiation process, the Regional Comprehensive Economic Partnership was finally signed just over a week ago. Now, banks from all 15 member countries spanning the Asia-Pacific region are demonstrating their dedication to bolstering post-pandemic economic growth.
Lenders utilise varied approach in FOL adjustments
23-11-2020 12:36
Vietnamese banks are demonstrating their eagerness to tie the knot with international investors, with the expectation that cash injections will help grow the finance and banking segment on a longer timescale.
Vietnamese banks' performance improves with economic recovery
21-11-2020 12:21
Vietnam banks' results in the third quarter of this year have shown easing pressure on asset quality and profitability on the back of an improving economic outlook, says Fitch Ratings in a new report.
Banks cautioned over bancassurance
20-11-2020 21:03
The Vietnamese central bank has emphasised that lenders are not allowed to force customers to buy compulsory insurance products to receive bank loans, even as bancassurance services have become a strategic priority for many.
Banks raise foreign ownership ratio to improve financial strength
17-11-2020 09:17
Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.
Cryptocurrency bounce could be catalyst for mainstream use
09-11-2020 07:04
Global market fluctuations, as well as mainstream organisations and central banks’ ambition to launch digital currencies, are seen as an endorsement for crypto asset activities, while gold is meanwhile still proving its glitter as a safe-haven investment worldwide.
Core functions possibly at stake without sufficient digitalisation
06-11-2020 08:56
Payment intermediary is one among three core functions, and has always been considered as a unique and unparalleled feature of commercial banks. However, this might not be the case anymore as a number of century-old brands have collapsed due to their conservative mindset and unwillingness to change.
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