11-03-2024 18:02
With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.
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.
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.
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.
09-11-2023 19:23
Due to lower lending interest rates, slow credit growth and rising bad debts, commercial banks have increased their provision costs.
07-11-2023 13:00
The country is grappling with soaring bad debt and a surge in black credit, straining legitimate consumer finance firms and impacting vulnerable communities.
11-10-2023 16:26
The Union Bank of Switzerland (UBS) has rated Thailand’s long-term debt sustainability as stable, despite earlier concerns that it might face a downgrade in its credit rating if there were efforts to stimulate the economy through the 10,000 THB (271 USD) digital wallet scheme.
11-08-2023 14:47
Throughout the first half of this year, many banks – particularly smaller entities – have witnessed a sharp reduction in their profits.
07-08-2023 11:16
Tran Thi Khanh Hien, head of Research at MB Securities, delves into the factors impacting bank performances this year.
29-06-2023 15:24
The banking sector should take more drastic measures to restructure credit institutions in association with the settlement of bad debts to contribute to curbing inflation and stabilising macro-economic factors, according to insiders.
21-06-2023 11:34
Low credit demand might be an early indicator that bad debt will increase. Nguyen Thi Phuong, deputy general director of Agribank, talked to VIR’s Nhue Man about the issue in the domestic market.
30-05-2023 18:38
Last week the State Bank of Vietnam continued reducing diverse regulatory interest rates in a bid to help remove impediments for borrowers, as well as support credit institution efforts to drive down input costs, and from there be able to reduce lending rates.
26-05-2023 16:09
On May 23, the SBV announced additional adjustments to a series of key interest rates, effective from May 25. This move marks the third round of reductions designed to boost the economy in less than three months. Interest rates are predicted to soften in the second half of the year, due to several factors in both the domestic and international markets.
20-05-2023 10:00
As bad debts continue to pose a threat to the banking sector's performance, financial authorities are implementing a host of measures to keep tabs on credit quality and mitigate risk to optimise the efficiency of credit institution restructuring.
06-05-2023 12:10
Several banks have posted low profit growth in the first quarter (Q1) of this year, with some even seeing negative growth, mostly due to a spike in non-performing loans (NPLs), leading to soaring provisioning costs.