Banks' equity up, assets down
(Apr 28, 2016)
The combined equity of all lenders in the domestic banking system reached nearly VNĐ580.3 trillion ending January, an increase of VNĐ2.3 trillion over the end of 2015.
Major banks lowered their lending interest rates following official calls to ease business operations and assist the market.
The Viet Nam Bank for Industry and Trade (Vietinbank) will continually
look for merger and acquisition (M&A) opportunities with other banks
to expand its reach and market share.
HCM City Development Bank (HDBank) has been selected as one of the three
banks that will support the newly established small and medium-sized
enterprises (SMEs) support foundation.
The Credit Information Centre (CIC) under the State Bank of Viet Nam
should use data from other industries instead of information just from
credit institutions to bring customers to banks.
Commercial banks are recommending that the State Bank of Viet Nam (SBV)
delay tightening of lending rules, as it could face difficulties once it
takes effect on January 1, 2017.
Economists last Friday urged the Government to tighten management of
public spending to reduce the budget deficit and to ease pressures
caused by the public debt.
Domestic firms have taken the first measures in an effort to adapt to
the State Bank of Viet Nam (SBV)'s new regulation on tightening foreign
The State Bank of Viet Nam (SBV) has requested credit institutions and
foreign banks to intensify their credit quality and bad debt management
and submit their bad debt handling plans.
Bac A Bank plans to make its initial public offering (IPO) during
2016-2020, Thai Huong, the bank's general director, said yesterday at
the annual shareholder meeting.
A surge of US$5.9 billion in overseas foreign currency deposits by
local commercial banks in the third quarter of last year was normal.