Tho Loc People's Credit Fund put under special supervision
(Feb 05, 2016)
The State Bank of Viet Nam (SBV) on Wednesday announced that it had put
the Tho Loc People's Credit Fund under comprehensively special
supervision within three months.
The State Bank of Vietnam (SBV) has allowed the Ho Chi Minh City branch of the Development Bank of Singapore Limited (DBS Bank Ltd.) to increase its charter capital.
Domestic commercial banks plan to recruit thousands of employees this year to boost development and seize new opportunities, local media reported.
VIB posted a pre-provision profit of more than US$52.1 million in 2015, while its pre-tax profit stood at $29.4 million.
Consumers have been urged to think twice before using borrowing for
consumption from commercial banks and financial companies as they rush
to prepare for Tet (Lunar New Year Festival).
The State Bank of Viet Nam has licensed Viet Capital Bank to open 10 branches and transaction offices this year.
The State Bank of Viet Nam's (SBV) reference rate on February 4 fell sharply by 21 dong to touch VND21,876 per American dollar.
The State Bank of Viet Nam has told commercial banks to accord top
priority to supplying cash at automatic telling machines (ATMs) during
the Tet (Lunar New Year) holiday.
Lending by January 20, 2016 declined 0.21 per cent against the end of
last year, according to a report released by State Bank of Viet Nam
The State Bank of Viet Nam approved Cu Anh Tuan to become the new
general director of An Binh Commercial Joint Stock Bank (ABBANK).
The central bank listed buying and selling rates for the US dollar yesterday for the first time in a month.