Friday , May 27 2022

Tag Archives: banking

Banks under pressure despite positive credit recovery

  Customers at a bank in Hà Nội. The small gap between deposit and lending rates will cause the banks’ net interest margin (NIM) and net profit to reduce. Photo baochinhphu.vn HÀ NỘI — Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, …

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Vietnamese banks expected to get better credit ratings

  Customers at a SeABank branch. Moody’s has recently upgraded SeABank’s Baseline Credit Assessment (BCA) from B2 to B1. — Photo nganhangvietnam.vn HÀ NỘI — Ratings of Vietnamese banks are expected to be continually improved thanks to Việt Nam’s positive sovereign credit rating. Moody’s has recently assigned B3 ratings and a stable outlook …

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Lending rates set to be stable despite deposit rate surge

  Customers make transactions at Saigon Commercial Bank (SCB). The Government’s interest rate incentive package can help reduce the average lending interest rate by 20-40 basis points in 2022. — VNA/- VnExpress News Photo HÀ NỘI — Though deposit interest rates have increased significantly this year, experts forecast lending rates will remain …

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Banks plan to increase charter capital to US$2.8 billion in 2022

  Customers make transactions at a VPBank office. VPBank has planned to increase charter capital to VNĐ79.33 trillion. — Photo bnews.vn HÀ NỘI — The capitalisation of Việt Nam’s banking sector is expected to increase by nearly US$2.8 billion this year. During the season of bank annual general meetings (AGM) this year, along with ambitious …

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Central bank sells US dollar forward for first time since 2018

  Transaction at Sài Gòn-Hà Nội Commercial Joint Stock Bank. The SBV has sold the dollars in 3-month forward contracts to support the liquidity for the foreign exchange market. — Photo tapchidoanhnghiep.net.vn  HÀ NỘI — The State Bank of Vietnam (SBV) has recently sold US dollar forward for the first time since …

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Moody’s upgrades SeABank’s basic credit assessment

A customer conducts a transaction via app at a SeABank branch. — Photo courtesy of SeABank HÀ NỘI — Moody’s announced it would raise the baseline credit assessment (BCA) from B2 to B1 for Southeast Asia Commercial JS Bank (SeABank) in the 2022 rating review period. At the same time, Moody’s continues to …

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SeABank announces profit growth

Clients conduct their banking transactions at a SeABank branch. — Photo courtesy of SeABank HÀ NỘI — The Southeast Asia Commercial JS Bank (SeABank) on Monday announced consolidated business results for the first quarter of this year with a pre-tax profit of VNĐ1.3 trillion (US$56.5 million), up 87.1 per cent …

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Banks gain impressive business results in Q1 2022

  A customer at a bank in Hà Nội.  VNA/VnExpress News Photo HÀ NỘI — Many banks have reported large profits of up to trillions of Vietnamese đồng in the first quarter of 2022 thanks to high earnings from services and bancassurance as well as good control of provision costs. Vietnam Prosperity Commercial …

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Bank deposits surge in wake of interest rate hike

  A customer makes a deposit at a bank in Hà Nội. Deposits at banks increased by 1.38 per cent to nearly VNĐ11.1 quadrillion in the first two months of 2022. VNA/VnExpress News Photo HÀ NỘI — Thanks to increases in savings interest rates, deposits at banks increased strongly in the first two …

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