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Search Results: 2,237 results for keyword "banks".
Asset quality notable in banks' 2023 business results
05-02-2024 14:02
The banking industry saw an increase in profits last year, with asset quality still a notable point in banks' business results. Tran Thi Khanh Hien, director of MBS' Research Division, talked to VIR's Hong Dung about these results.
Record-low interest rates drive early-year credit growth
05-02-2024 11:36
Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).
Ownership tweaks show commitment to improve
30-01-2024 13:00
The amended Law on Credit Institutions was passed on January 18. Banking trainer and consultant Le Hoai An discussed the impact of this with VIR’s Nhue Man and the adjustment of the maximum institutional ownership capital in commercial banks.
Banks saw profit spike in Q4
30-01-2024 09:44
Several banks saw a significant improvement in the fourth quarter (Q4) last year, leveraging credit growth and improved efficiencies to tackle bad debts.
Banks containing threats of bad debt
26-01-2024 15:48
The credit quality of BaoViet Bank has receded as the bank’s non-performing loans (NPL) climbed to almost $70 million by the end of 2023, showing a near 50 per cent jump compared to the start of the year.
Banks get go-ahead for capital increases
18-01-2024 14:00
Many banks in Vietnam have received approval for substantial capital hikes, signalling a strategic effort to fortify the financial sector and enhance several essential ratios.
Global banks high on GDP prospects
16-01-2024 09:36
With a recovering economy in 2023, Vietnam has earned upbeat growth projections from international organisations for this year.
Banks remain prudent about 2024 targets
12-01-2024 15:40
Major state lender Vietcombank has just released its 2023 figures, with results across a variety of areas exceeding expectation. The Hanoi-headquartered bank saw $59.5 billion in deposit volume, up over 12 per cent on-year, and outstanding balances amounting to $53.58 billion, showing a 10.6 per cent jump on-year.
Be secures $30 million investment from VPBank Securities
10-01-2024 14:14
On January 10, Be Group, owner and operator of the multiservice consumer platform Be, announced a substantial investment from VPBank Securities JSC (VPBankS), a subsidiary of VPBank.
Banks saw mixed 2023
05-01-2024 16:48
Ho Chi Minh City-based lender Sacombank became the first bank to make its 2023 business results public last December, with an estimated pre-tax profit of $400.8 million, a 50 per cent jump on-year. Its total deposit volume surpassed $24.2 billion and its outstanding balance touched $20.5 billion.
Sustainable banks the way ahead for success
03-01-2024 10:37
Vietnam’s financial sector is increasingly embracing sustainability practices, although challenges like the need for a comprehensive legal framework, skilled personnel, and enhanced data management remain areas for improvement.
Banks massively embrace bond buy-backs
28-12-2023 17:13
Banks are buying back corporate bonds massively amid slow credit growth and a positive deposit landscape.
Market shifts remain sticky topic for banks
27-12-2023 09:31
Several Vietnamese banks, amidst efforts to enhance market presence, are still far off from going public or transitioning their listings to major exchanges.
Bank bad debts forecast to remain under great pressure in 2024
26-12-2023 11:53
Though the asset quality of banks in Vietnam will be temporarily under control until the end of 2023, experts said more attention should be paid to the issue in 2024 as bad debts are rising.
Central bank promotes consumer lending
25-12-2023 13:00
The State Bank of Vietnam (SBV) has requested credit institutions and branches of foreign banks to boost consumer lending as part of efforts to prevent loan sharks who have targeted vulnerable people.
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