banking shares plummet on laundering allegations

Banking shares plummet on laundering allegations

Shares in major banks including HSBC, Deutsche Bank and JPMorgan Chase were hammered Monday following allegations they had handled huge sums of dirty money for almost 20 years.
banks ask for higher credit a to prepare for peak lending season

Banks ask for higher credit quota to prepare for peak lending season

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Viet Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.
commercial banks expect sbv support to disburse capital says expert

Commercial banks expect SBV support to disburse capital, says expert

The State Bank of Viet Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.
domestic banks take cautious fol approach

Domestic banks take cautious FOL approach

The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also dampened some lenders’ cross-border mergers, forcing them to take different solutions regarding their foreign ownership limit.
citi vietnam named best corporate digital bank 2020 by global finance

Citi Vietnam named Best Corporate Digital Bank 2020 by Global Finance

Citi Asia-Pacific’s leadership and excellence in digital banking has been recognised in the first round of Global Finance’s 2020 World’s Best Digital Banks Awards.
despite lower interest rates people still put money in banks

Despite lower interest rates, people still put money in banks

Though the deposit interest rates of commercial banks have been reducing, people are still putting their money into banks amid the pandemic.
banks bet on consumer credit growth

Banks bet on consumer credit growth

Credit institutions are being encouraged to implement consumer credit packages and preferential rates as an effective way to stimulate spending sprees and help the domestic economy tide over the storm.
international card organisations continually urged to cut fees

International card organisations continually urged to cut fees

The Viet Nam Banks Association is urging international credit and debit card companies to reduce a number of fees, as the country continues to battle the COVID-19 pandemic.
pyb elite banks are the true growth story in vietnam

PYB Elite: Banks are the true growth story in Vietnam

PYN Elite, a Finland-based fund, expressed its optimism about Vietnam’s concerted efforts to keep up the growth momentum and was especially taken by the rosy outlook of bank stocks.
pandemic derails banks capital hike plans

Pandemic derails banks’ capital hike plans

Banks are facing major challenges to carry out their capital increase plans this year due to the impacts of the COVID-19 pandemic.
bad debts causing growing concerns to banks

Bad debts causing growing concerns to banks

Banks are feeling growing concerns over their bad debts amid the current disruptions caused by COVID-19.
vietinbank local bank for foreign enterprises

VietinBank: Local bank for foreign enterprises

With the advantage of being one of the largest local banks in Vietnam, well-equipped with in-depth knowledge of the country’s business and regulations, VietinBank is determined to become the local bank for international businesses. The bank is also amongst the licensed banks that provides investment capital account services for international investors.
banks to cut costs to aid covid 19 affected firms

Banks to cut costs to aid COVID-19 affected firms

The State Bank of Viet Nam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.
banks weigh up options through exchange shake up

Banks weigh up options through exchange shake-up

A number of Vietnamese banks have accelerated their initial public offering process or switched exchanges, signalling ambitions to tap into the potential of large capital inflows, despite the market remaining highly volatile.
banks consumer companies boost vn market

Banks, consumer companies boost VN market

Vietnamese shares gained slowly on Wednesday morning, driven by banking and consumer staples sectors.