Credit growth high amid hikes in LDR

Credit growth high amid hikes in LDR

Most of the listed commercial banks in the country recorded a sharp increase in the loan/deposit ratio (LDR) at the end of the third quarter of 2022 compared to last year.
Banks post uplifting results despite underlying risks

Banks post uplifting results despite underlying risks

Despite bullish business results in the first nine months of the year, many commercial banks in Vietnam are facing a risk of rising bad debts.
PM underlines banking system's role as arteries of economy

PM underlines banking system's role as arteries of economy

Prime Minister Pham Minh Chinh said the banking system plays the role as arteries of the economy while addressing a meeting with chairpersons and CEOs of commercial banks in Hanoi on October 16.
Extensions ease credit access for businesses

Extensions ease credit access for businesses

A round of fresh credit extensions for commercial banks is expected to help businesses obtain easier access to capital as they continue their post-pandemic recovery.
SBV adjusts credit growth targets for banks

SBV adjusts credit growth targets for banks

The State Bank of Vietnam (SBV) has announced adjustments to credit growth targets for banks in 2022.
Reference exchange rate down 18 VND

Reference exchange rate down 18 VND

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,263 VND/USD on September 9, down 18 VND from the previous day.
Hanoi connects commercial banks with local businesses

Hanoi connects commercial banks with local businesses

More than 100 businesses and 43 investors of industrial clusters and nearly 20 commercial banks participated in a conference on August 15 to connect local firms of Hanoi with commercial banks and the Hanoi Development Investment Fund (HANIF).
Squeeze in allotted credit room for commercial banks

Squeeze in allotted credit room for commercial banks

The rapid expansion of credit and lending activities in the first few months of this year have prompted commercial banks to run out of credit lines, which had been temporarily allotted by the State Bank of Vietnam at the start of the year.
Lenders reinforcing presence with bond issuance

Lenders reinforcing presence with bond issuance

Commercial banks, with participation from local and foreign-backed institutions, are engaging in bond issuance despite severe regulations placed on this and volatile market conditions.
Tight control over real estate credit to mitigate risks

Tight control over real estate credit to mitigate risks

The State Bank of Vietnam (SBV)’s decision to tighten control over real estate credit has helped to restrict speculation while making the market transparent and preventing a real state bubble, economic experts have said.
Commercial banks tighten real estate lending

Commercial banks tighten real estate lending

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.
Experts warn about participation of real estate companies in banks

Experts warn about participation of real estate companies in banks

Experts have raised concerns about the involvement of real estate companies in commercial banks, warning it may pose risks to the financial system and the whole economy.
Banks ensure fuel firms have access to more credit

Banks ensure fuel firms have access to more credit

The State Bank of Vietnam (SBV) has issued Document No 1509, asking commercial banks to raise credit limits for a number of fuel firms, particularly those who import extra fuel at the request of the Ministry of Industry and Trade (MoIT).
Banks steady as profits keep rolling in

Banks steady as profits keep rolling in

Commercial banks in Vietnam are expecting to reap excellent profits thanks to their broad range of financial services and elevating credit demand, particularly as the upheaval triggered by the pandemic has abated.
Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
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