judgement day looms for australias scandal hit banks

'Judgement day' looms for Australia's scandal-hit banks

Australia's scandal-plagued banks are braced for "judgement day", as a public inquiry into industry misconduct prepares to publish its initial findings after months of damning customer testimony.
banks unexpectedly drop deposit rates

Banks unexpectedly drop deposit rates

Several commercial banks have unexpectedly cut deposit interest rates by 0.1-0.2 percentage points per year due to limited credit growth.
banks prepare for ifrs 9 standards

Banks prepare for IFRS 9 standards

PwC Vietnam and SAS Malaysia last week held workshops in Hanoi and Ho Chi Minh City to support Vietnamese banks in preparing for the implementation of International Financial Reporting Standards (IFRS) 9.
volatility in top management positions at banks

Volatility in top management positions at banks

Despite high incomes, top-level bank personnel are witnessing rapid face changes this season.
more banks provide e tax payment service

More banks provide e-tax payment service

The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.
foreign capital finds its way to lucrative local fintech market

Foreign capital finds its way to lucrative local fintech market

Foreign players are eager to join Vietnam’s lucrative fintech market, while local banks have been scaling up co-operation with fintech firms to avail themselves of Industry 4.0 opportunities.
government directs capital hike for state owned banks

Government directs capital hike for State-owned banks

The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.
banks upbeat about reaching full year profit targets

Banks upbeat about reaching full-year profit targets

Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half.
bad debts landscape at small banks

Bad debts landscape at small banks

There has been great variations in small-scale banks’ bad debts performance in the first half of the year, with some showing great improvements, while others struggle to cope.
experts forecast lending rates to remain stable

Experts forecast lending rates to remain stable

Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
central bank adamant on credit growth cap

Central bank adamant on credit growth cap

Local credit institutions might struggle more in the second half of the year, with some even having to downsize full-year profit targets, as they are approaching the credit growth limit and the central bank refuses to allow more leeway to maintain macroeconomic stability.
govt aims to boost public service payment through banks

Gov’t aims to boost public service payment through banks

The Government will continuously fine-tune legal regulations to encourage and popularise the payment of public services through banks, deputy governor of the State Bank of Viet Nam (SBV) Nguyen Kim Anh said at a forum on accelerating the payment of public services via banks held in Ha Noi on Friday.
government mulls tightening foreign bank laws

Government mulls tightening foreign bank laws

Experts have agreed with the Government’s plan to restrict or even stop licensing wholly foreign-owned banks in Vietnam, saying it was necessary to help increase the stability of the domestic banking system.
banks prepare to raise game and list on overseas bourses

Banks prepare to raise game and list on overseas bourses

By slashing state ownership at three state-owned banks, the Vietnamese government is taking a progressive step in its quest to perk up the banking system, bring it up to regional standards, and prepare for the banks to be listed on international stock exchanges in the near future. Trang Nguyen and Nam Phuong report.
eximbank to apply infosys technology for enhanced risk management

Eximbank to apply infosys technology for enhanced risk management

The current challenges brought about by changes in the business environment and increasing requirements of risk management regulations have promoted banks, including Eximbank, to synchronise particular products.