The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker HDB) has announced its half-yearly results with pre-tax profits of nearly VNĐ 5.5 trillion (US$231.6 million) its 10th straight year of growth.
Sacombank began a project on June 7 to implement Basel III and strengthen risk management capacity with EY Vietnam Consulting Joint Stock Company offering consultancy.
Though there are currently no regulations that require the application of Basel III international banking standards, some banks have pioneered the implementation of the norms and are expected to complete the work soon.
Vietnam Banks'' Asociation (VNBA) has been calling for an increase to foreign-owned shares limit in Vietnamese commercial banks, starting with those who have implemented Basel II successfully and are on their way to upgrade to Basel III.
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) has applied the Internal Capital Adequacy Assessment Process (ICAAP), thus completing all three pillars of the Basel II ahead of the schedule set by the State...
Shinhan Bank Vietnam Limited (Shinhan Bank) has completed Pillar 2 of Basel II which assesses the bank’s internal capital adequacy, as prescribed in a circular of the State Bank of Vietnam (SBV).
In the trend of strong globalisation with the recently signed CPTPP and EVFTA, meeting international standards by enterprises, especially in the banking sector is essential. These international standards help to affirm banks'' position, development potential and brand reputation, therefore creating trust for customers.
Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) on Thursday announced that it completed the three pillars of Basel II, one year earlier than the State Bank of Việt Nam’s deadline.
Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.