The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has become the 16th Vietnamese bank to meet the minimum capital adequacy ratio set by Basel II standards.
Viet Capital Commercial Joint Stock Bank has received approval from the State Bank of Vietnam to adopt Basel II standards, taking the number of banks meeting the global norms ahead of schedule to 12.
Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.
Economists said the State-owned sector’s tardy growth reveal an imbalance between business results (revenue) and investment including assets and capital used for production.
Sacombank and PwC (Vietnam) Limited on July 5 signed a deal and began the "Enhancement of valuation model and development of market risk regulatory capital charged model” project.
Local banks are planning to raise capital in international bond markets as they face growing pressure to hike capital to satisfy Basel II standards by early next year.
The State Bank of Viet Nam has approved Maritime Commercial Joint Stock Bank (MSB) to apply the Basel II standards, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.
Viet Nam Technological and Commercial Joint Stock Bank has officially been given approval from the State Bank of Viet Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s...
Techcombank has officially been given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to eight.
The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Việt Nam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule...
The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance...