Rising pressure on deposit interest rates
(May 30, 2015)
Deposit interest rates are set to rise as growth rate of deposits has
been lower than that of credit, according to a report from the National
Financial Supervisory Commission (NFSC).
Only three pairs of commercial joint stock banks had cross-ownerships,
down three pairs from 2012, said Governor of the State Bank of Viet Nam
(SBV) Nguyen Van Binh.
Agribank's Deputy Director
Dinh Thi Thai will be deputy director of Vietcombank from June 1.
With total assets of VND763 trillion (US$35.16 billion), the Viet Nam
Bank for Agriculture and Rural Development (Agribank) retained the top
slot in terms of assets in the first months of this year.
Increasing provisional funds to support credit risks will significantly
slash Maritime Bank's profits this year, the bank's General Director Ta
Ngoc Da, stated at a shareholders meeting on May 28.
The Bank for Investment and Development of Viet Nam (BIDV) and its
member the Bank for Investment and Development of Cambodia (BIDC) were
honored at a ceremony on Monday in Phnom Penh for their outstanding
contributions to the socio-economic development of Cambodia.
Corporate governance and management in commercial banks are two core factors that can determine their success or failure.
The State Bank of Vietnam (SBV) announced on May 26 that it recently
suspended the rights and obligations of the representatives of Global
Petroleum Joint Stock Commercial Bank (GP Bank).
The merger between the Mekong Housing Bank and the Bank for Investment and Development of Vietnam was completed yesterday.
The Viet Nam Bank for Agriculture and Rural Development (Agribank) has
been awarded the 2014 Prize for Excellence in Payment Quality by the
US's Wells Fargo Bank.
The Housing Development Commercial Joint Stock Bank (HD Bank) last week
signed an agreement with HD Saison Finance and the Viet Nam Post and
Telecommunications Group (VNPT) to help each other develop their