Credit within the banking system to the end of May 2024 increased by only 2.41% against the end of 2023, far from the credit growth target, the Government reported.
The rise in credit cost and slowed growth of total operating income (TOI) may drive net profit of Asia Commercial Joint Stock Bank (HoSE: ACB) in FY24 to rise 4.9% YoY,...
Many banks promote online lending to save time and costs for both parties and creating conditions to promote credit growth.
Unlike 2022 and 2023, the exchange rate has been hot since the beginning of 2024. Right after the early- months, the exchange rate has increased by 4.6%, a 3.4 %...
The Vietnam State Bank (SBV) yesterday announced its gold sale price to four state-owned commercial banks (Big-4) and Saigon Jewelry Company (SJC).
The idea that G10 currencies will not fall against the US dollar as others lead the Fed with their easing cycles will be tested again this week as the ECB and Bank of...
The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising...
The first quarter 2024 business results of banks have been revealed, the bad debt ratio continues to increase. This situation makes banks' reserve buffers to prevent...
Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
Since early May, many banks have continued to increase deposit interest rates to ensure a balance of capital sources in the context of a rapid increase in credit.
The State Bank of Vietnam (SBV) has proposed using credit scoring to better manage the banking sector and promote the development of finance and fintech companies.
The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth. Despite low credit growth, the banks' growth...
There is clearly a sense that central banks are looking to cut policy rates, in many cases before inflation has reached target and a considerable time before central...
Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount...
Riksbank Governor Theeden argues that Europe desperately needs to close the productivity gap if it wants to catch up with the US.
Lien Viet Post Joint Stock Commercial Bank (LPBank, HoSE: LPB) has fostered credit growth as a driver of its business performance in 2024.
Deposit rates are rising, raising concerns that lending rates may follow when credit expansion resumes.
Austrian ECB member, and noted hawk Robert Holzman described the Fed as being the “gorilla in the room” when it comes to ECB decisions on policy easing.
Several commercial banks in Vietnam have started to raise their deposit interest rates by 0.5 – 1 percent, leading to the worry of a possible loan interest rate rise as...
Banks are expecting an improvement in credit growth from the second quarter of 2024, especially now that loan interest rates have decreased, exports gradually recovered,...
As bad debts rise and asset seizure rights under Resolution 42 are no longer maintained, commercial banks must establish tight lending requirements and processes.
Credit institutions have proposed to raise the cap of small loans not requiring feasible capital use plans and related person information from 100 million VND to 400...
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