The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.
Although banking profits are expected to grow slower in Q4/2022 and in the first half of 2023, experts still have an optimistic outlook on bank stocks in the short term.
Weak banks that are restructuring will be the target of mergers and acquisitions (M&A) deals in the near future as the Government is strongly promoting the restructuring...
The State Bank of Vietnam (SBV) is collecting comments on its draft circular to deal with risks in the operation of cooperative credit institutions, including...
Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar,...
Bad debts always come hand in hand with business activities of all commercial banks.
According to industry insiders, demand deposits, or current account savings account (CASA), of many banks has started to decline since the second quarter of 2022.
Last week, the BoE told the market that it is wrong to expect the base rate to rise in the way that’s factored into the implied money market curve.
Major central banks have accumulated huge amounts of assets via all the bond (and FX) purchases done over the years since the global financial crisis (GFC).
The 50-bps rate increase from the Bank of Canada reflected the second time it has reduced the size of its rate hikes. The Reserve Bank of Australia has also moved to a...
A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.
Bank stock prices gained 15-20% in July and August, reflecting expectations about business performance in 2H22 and the new credit room.
Although in the middle of 2022, banks had to face limited credit growth room, the business results in the third quarter of banks were still satisfactory, with a positive...
Commercial banks have been facing difficulties in recovering bad debts as they were unable to find buyers for high-value collateral despite big discounts.
Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank...
The Central Economic Commission and the State Bank of Việt Nam held a high-level summit Smart Banking 2022 in Hà Nội on Wednesday.
Commercial banks should be able to pass some of the additional cost on to borrowers, limiting the impact on net interest margins (NIM), according to Fitch Ratings.
Just recently we’ve seen two instances of intervention: FX intervention by the Bank of Japan (BoJ) and Bank of England (BoE) intervention in the gilt market.
By the end of this year, oil and gas, transportation, insurance, retail, and hydropower sectors will see positive signals, while the banking and real estate sectors are...
Following the UK government's announcement of unfunded tax cuts, the value of the pound against the dollar plunged to a historic low.
Japan has begun FX intervention, but its chances of success could be compromised by the BoJ’s target band for JGB yields.
ADB Country Director Andrew Jeffries has talked to the Vietnam News Agency on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB...
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