banking sector faces liquidity challenges amid rate cuts

Banking sector faces liquidity challenges amid rate cuts

On February 25, the SBV held a meeting with credit institutions to address strategies for stabilising deposit interest rates. As a result, banks such as Eximbank, BVBank, KienlongBank, the Maritime Bank of Vietnam (MSB) and VietBank have announced new deposit interest rate schedules, with the highest reduction reaching up to 0.7 per cent per year.
positive rate movement following government commitment

Positive rate movement following government commitment

Banks have taken swift action to reduce their deposit rates following a meeting with the central bank (SBV) on implementing measures to stabilise deposit rates on February 25.
banks expect upbeat profit picture for 2025

Banks expect upbeat profit picture for 2025

Several banks have set higher profit targets for this year, expecting more positive credit growth amid improved capital absorption capacity and an acceleration of public investment.
inspiring business figures underpin eximbanks future growth

Inspiring business figures underpin Eximbank's future growth

Eximbank’s pre-tax profit reached a record $167.5 million in 2024 with exceptional growth indicators despite the financial and banking sector facing numerous challenges.
banks profit picture in q3 creates mixed sentiment

Banks' profit picture in Q3 creates mixed sentiment

Banks are releasing their third-quarter business results, and sentiments have been mixed about their profit picture.
gelex and bamboo capital hold significant stakes in eximbank

Gelex and Bamboo Capital hold significant stakes in Eximbank

Gelex Group and Bamboo Capital Group have been revealed to hold the largest stakes in Eximbank, following the release of a list of the bank's major shareholders on July 24.
song hau 2 thermal power plant secures 980 million funding

Song Hau 2 Thermal Power Plant secures $980 million funding

Toyo Ink Group Bhd and its Vietnamese subsidiary, Song Hau 2 Power Company Limited, have obtained a loan worth $980 million from Eximbank Malaysia to implement the Song Hau 2 Thermal Power Plant Project.
several vietnamese banks see top tier reshuffles

Several Vietnamese banks see top-tier reshuffles

Some banks in Vietnam, including Eximbank, PGBank, and VIB, have recently undergone significant leadership changes.
banks bolster financial strength via mas and capital hikes

Banks bolster financial strength via M&As and capital hikes

Since the start of the year, several banks have been busy with mergers and acquisitions (M&A) and capital hike ventures to bolster financial health and keep up with ever-increasing development needs.
smbc divests from eximbank after 15 years

SMBC divests from Eximbank after 15 years

Sumitomo Mitsui Banking Corporation (SMBC) has divested from Vietnam Export Import Commercial Joint Stock Bank (Eximbank) after 15 years of strategic alliance.
launching eximbank edigi digital bank on a modern platform

Launching Eximbank EDigi digital bank on a modern platform

Eximbank is introducing Eximbank EDigi, a digital bank that combines internet and mobile banking to offer users a seamless and consistent experience across a range of services.
banks deliver upbeat first half performance

Banks deliver upbeat first-half performance

A raft of banks has released their second-quarter and first-half financial reports, rendering a rosy profit picture during the period, rooted in positive credit growth.
smbc terminates strategic alliance with eximbank

SMBC terminates strategic alliance with Eximbank

The Japanese financial giant Sumitomo Mitsui Banking Corporation (SMBC) announced its exit from Vietnam's privately-held lender Eximbank on March 18.
luong thi cam tu succeeds yasuhiro saitoh as new chairwoman of eximbank

Luong Thi Cam Tu succeeds Yasuhiro Saitoh as new chairwoman of Eximbank

At the latest annual meeting of shareholders of Eximbank, Luong Thi Cam Tu has been chosen to succeed Yasuhiro Saitoh as newly-appointed chairwoman of the bank's board of directors in the 2020-2025 tenure.
lenders promise investment scale up

Lenders promise investment scale-up

The dissolution of a 15-year collaboration between Eximbank and Japan’s Sumitomo Mitsui Banking Corporation, its largest foreign strategic shareholder, could pave the way for a fresh start after a number of financial and internal conflicts plagued the former.