The State Bank of Việt Nam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule.
At an
extraordinary meeting on July 11 Sacombank shareholders approved plans
to merge with Southern bank and issue three-fourths of a share for each
share of the latter.
The State Bank of Vietnam (SBV) made a decision to cut lending rate on
the open market operations (OMO) by 0.5 per cent to 5.5 per cent per
annum from July 19 this year.