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Search Results: 2,206 results for keyword "banks".
VND0 takeover or bankruptcy?
10-04-2017 09:51
The method of acquiring weak banks at VND0 is officially adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan (NPL) settlement, composed by the State Bank of Vietnam (SBV). However, buying at the price of VND0 or boldly letting poorly performing commercial banks go bankrupt remains a dilemma.
SBV to issue regulations on $4.4b preferential credit package in April
06-04-2017 09:09
The State Bank of Viet Nam (SBV) will issue regulations on directing and guiding commercial banks to implement a VND100 trillion (US$4.4 billion) credit package with preferential interest rates for high-tech agriculture projects.
Markets stay positive, courtesy bank and property shares
05-04-2017 12:25
Shares continued to rise slightly in both local markets on Tuesday morning as banks and property developers bounced back after recent fall.
Founder of Sacombank to return after five years
04-04-2017 14:59
In recent days, potential candidates have been lining up to participate in restructuring Sacombank, one of the largest joint stock commercial banks in Vietnam, drawing avid attention from the public. The appearance of numerous “heavyweights” have called even more attention, highlighting names like New York-based Evercore Group Investment Bank, M&A consulting firm Redsun Capital Limited, and Dang Van Thanh, president of Thanh Thanh Cong Group. This is the first time Thanh returns to the field after a long absence from the financial-banking market since his 2012 incident with Sacombank.
Creditors adjust growth forecasts
04-04-2017 10:11
The survey on business trends of credit institutions conducted from February 25 to March 9 by the SBV’s Statistics and Forecasting Department questioned all credit institutions and branches of foreign banks nationwide. The rate of response was 89.5 per cent.
VN Index struggles to rise, banks hit
03-04-2017 15:13
Viet Nam’s benchmark VN Index struggled to rise on Monday morning as most of the leading sectors were hit by investor selling.
Banks cautious about business targets in 2017
31-03-2017 09:43
The season of annual shareholders meeting will begin next month and commercial banks have been cautious while setting business targets for this year in the context of slow bad debt settlement and high risk provision, Dau tu chung khoan (Securities Investment) newspaper reported.
Banks accelerate handling of bad debts
30-03-2017 14:06
Many banks have announced new bad debts handling roadmaps in order to create a breakthrough in resolving bad debts.
M&A in banking unlikely to pick up soon
29-03-2017 21:02
Mergers and acquisitions (M&A) activities in the banking sector in the past two years seem to have cooled down, and without the right policies that would solve major bottlenecks in the process of buying banks, it is unlikely to pick up soon.
Bank and oil stocks drive market down
28-03-2017 16:52
Shares edged down on Tuesday morning, driven by losses of banks and oil companies.
Basel II big chance for banking M&As
27-03-2017 09:42
As the foreign ownership cap gets lifted, Vietnamese banks can attract significant overseas capital if bad debts are tackled and lenders adopt Basel II standards. Tran Dinh Vinh, partner and head of Financial Services at KPMG, shared his thoughts on the matter with VIR’s Nam Phuong.
Banks struggle to raise capital
23-03-2017 16:26
Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion before and after their 2017 general shareholders’ meeting (GSM).
SBV should offer failing banks to foreign investors
23-03-2017 16:08
The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.
Vietnamese banks’ growth unsustainable
20-03-2017 16:52
Profits in 2016 showed that banks had good performance, but the growth in expenditures is higher than that of profit, which raised questions about the effectiveness of banks’ operations.
Cautious banks to focus on lending quality
15-03-2017 11:17
Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.
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