banks recover but vn index continues to slide

Banks recover, but VN Index continues to slide

The benchmark VN Index on the HCM Stock Exchange extended losses on Friday morning, sliding down 0.2 per cent to 766.1 points.
banks loosen purse strings for small businesses

Banks loosen purse strings for small businesses

Instead of lending to large companies, more and more banks have started to lend to small businesses to hedge their risks.
banks exposed to more security risks

Banks exposed to more security risks

The shift to digital banking has helped banks to provide modern and convenient services to customers, but this has also exposed them to many security risks, experts said at a conference in Ha Noi on Wednesday.
major banks accelerate listing preparations

Major banks accelerate listing preparations

On August 17, VPBank will be officially listed on the Ho Chi Minh City Stock Exchange (HoSE). Including this, there are at least four major bank listings in 2017, and so far, this trend has shown no signs of stopping.
bad debt measures go into effect

Bad debt measures go into effect

A National Assembly resolution on nonperforming loans takes effect tomorrow with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.
higher credit growth could increase listed banks profits

Higher credit growth could increase listed banks’ profits

The profits of the seven listed banks could rise 32.16 per cent against the beginning of 2017, if this year’s credit growth target is raised to 20 per cent.
big three grip lions share in lending

Big three grip lion’s share in lending

In terms of international finance, three seems to be a relatively small number. But the three super banks from Singapore are presently handling the lion’s share of business and investment activity in Vietnam coming from the Lion City.
bancassurance to become new trend for insurers and commercial banks

Bancassurance to become new trend for insurers and commercial banks

The first half of 2017 has witnessed many bancassurance deals in Vietnam and the second may also see heightened cooperation among insurers and commercial banks, which promises to heat up the bancassurance sector. 
commercial banks propose sbv to set higher credit growth limit

Commercial banks propose SBV to set higher credit growth limit

From early 2017 till now, many commercial banks have almost reached the lending growth cap set by the State Bank of Vietnam (SBV) and are now requesting SBV to set a higher credit growth limit to ensure more room for lending.
banks lead market upturn

Banks lead market upturn

Shares rose stronger in Monday afternoon trading as bank stocks accelerated their growth on the back of positive first-half business earnings.
banks apply free on net money withdrawal account transfer

Banks apply free on-net money withdrawal, account transfer

Despite being allowed to charge on-net fees for automatic telling machine (ATM) transactions, some commercial banks have recently applied the exemption to on-net money withdrawal and account transfer to attract new customers and develop the retail banking segment.
banks cut short term deposit interest rates

Banks cut short-term deposit interest rates

After two weeks of lowering lending interest rates for short-term dong loans following the central bank’s cue, several commercial banks have reduced their deposit interest rates.
petrolimex to launch non cash payment service

Petrolimex to launch non-cash payment service

Domestic ATM card holders of 41 National Payment Corporation of Việt Nam (NAPAS) member banks can pay by card at Việt Nam National Petroleum Group (Petrolimex)’s petrol stations nationwide from August 1.
s korean banks to expand in vn

S Korean banks to expand in VN

In addition to the wave of investments in the banking and finance sector from financial institutions in Japan, UK, Hong Kong, Singapore, Malaysia and the US, there will be a marked presence of South Korean banks in the Vietnamese market in the near future, observers forecast.
banks recover but investors wary

Banks recover, but investors wary

Shares slowed their decline yesterday as banks recovered, but the market is still exposed to short-term downward corrections on rising investor caution.