According to KBSV, good credit recovery will impulse the net interest income. In addition, NIM and non-performing loan ( NPL ) control of the banking industry are expected to become more positive in the year-end period.
According to a report sent to the National Assembly, the State Bank (SBV) had informed about coordinating with relevant ministries and branches to submit to the Prime Minister for consideration of supplementing state capital for BIDV from the remaining profit after taxes, After setting up funds in
HCMC – The State Bank of Vietnam (SBV), the central bank, will focus on inspecting share transfers among credit institutions this year to prevent cross ownership in the banking sector. The above content, which has been approved by SBV Governor Nguyen Thi Hong, will be submitted to the National
HCMC – The State Bank of Vietnam, or SBV, has sent a draft of the amended Law on Credit Institutions to the National Assembly, in which local banks could ask for interest-free loans if they face a bank run. The SBV, the central bank, said that Vietnam should draw lessons from the bank runs that […]
With interest rates soaring, corporate clients are coping with a higher financial cost, a decline in consumption of goods and services and other hardships that may force them to scale down their operations or even go bust. Banks as intermediaries between depositors and borrowers are grappling with
To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director. The firm applied for the loan last year, but only […]
Making the sale of insurance transparent and managing the quality of consulting during this process are the key to ensuring the long-term sustainable development of bancassurance—the distribution of insurance products via banks. A “gold mine” called insurance 2022 was another “bumper” year for
Many banks might have recorded positive profit growth in 2022. But challenges are awaiting them this year given negative factors such as high interest rates and bad debt. Rising interest rates On January 5, 2023, VietinBank said it was looking to obtain VND19.45 trillion in pre-tax profit in 2022,
HCMC – Prime Minister Pham Minh Chinh has told the State Bank of Vietnam and the banking system to focus on removing obstacles facing the real estate sector. Banks should eliminate the hindrances of home sellers and buyers to boost property development, the prime minister said at a meeting with
HCMC – Personal savings at banks in 2022 grew strongly last year, according to the HCMC branch of the State Bank of Vietnam (SBV). Data from the SBV, the country’s central bank, showed that capital raised by commercial banks in the city expanded an estimated 6%, with personal savings rising 9.2%
The State Bank of Vietnam (SBV) on December 5 loosened its grip on credit limits, raising the credit cap by 1.5-2.0 percentage points on top of the 14% credit growth quota for this year. That means commercial banks can provide an additional VND240 trillion to borrowers, but a question arises over
Though the central bank has shown no sign of revising the credit growth target of 14% for 2022, there is still room for increasing it amidst a soaring thirst for capital induced by a bond market crash. Why is credit expansion necessary? As a credit crunch can make the country’s post-pandemic