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banks’ credit

Commercial banks to mainly focus on credit in 2024

Commercial banks to mainly focus on credit in 2024

Under a 2024 strategy report released recently, analysts from VNDirect Securities forecast credit growth will reach about 15 per cent in 2024.
HCM City banks credit growth on steady upward path

HCM City banks’ credit growth on steady upward path

Total loans outstanding at credit institutions in HCM City were worth nearly VNĐ3.36 quadrillion (US$137.7 billion) as of September 30, a 0.72 per cent increase from the previous month, according to the State Bank of Vietnam.
Credit room expected to be extended at year-end

Credit room expected to be extended at year-end

The State Bank of Viet Nam is expected to expand room for credit soon due to strong demand for capital in the rest of the year.
Banks to tighten credit in risky sectors in remaining months of this year

Banks to tighten credit in risky sectors in remaining months of this year

Banks would continue to tighten lending in risky sectors including securities, real estate, financial and tourism business, seeing higher credit risks in the remaining months of this year.
HCM City banking sector urged to keep bad debts low

HCM City banking sector urged to keep bad debts low

Commercial banks and credit institutions in HCM City need to continue to restructure and strengthen control of credit quality to prevent a return to the days of high bad debt ratios.
Basel II standards help banks get high credit growth limit

Basel II standards help banks get high credit growth limit

Some commercial banks expect to get high credit growth limits set by the central bank this year as they have so far met Basel II’s capital safety and risk management standards ahead of schedule.
More banks permitted to expand credit growth

More banks permitted to expand credit growth

The State Bank of Viet Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018.
Banks expect higher credit growth limits

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Viet Nam (SBV) recently.
Fitch Ratings: Vietnamese banks showing improvements but challenges remain

Fitch Ratings: Vietnamese banks showing improvements but challenges remain

Fitch Ratings expects Vietnamese banks to sustain their improving operating trends in the second half of 2018 (H2) on the heels of better credit quality and profitability, and broadly stable funding and liquidity in the first half.
Moodys: Vietnams banks show diverging capital profiles

Moody’s: Vietnam’s banks show diverging capital profiles

The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, Moody’s Investors Service says in a recent report.
Banks required to control lending

Banks required to control lending

The State Bank of Viet Nam (SBV) has required commercial banks to control their credit growth in line with their capital mobilisation ability and credit growth limits set by SBV.
Banks expect higher credit limit amid quota concerns

Banks expect higher credit limit amid quota concerns

Many commercial banks said they expect higher credit limits as they have already used up most, if not all, of their assigned quota for the whole year.
Bank profits expected to rise significantly in Q1

Bank profits expected to rise significantly in Q1

The profits of many banks in the first quarter of this year are estimated to rise higher than that of the same period last year thanks to significant credit growth.
Higher credit growth could increase listed banks profits

Higher credit growth could increase listed banks’ profits

The profits of the seven listed banks could rise 32.16 per cent against the beginning of 2017, if this year’s credit growth target is raised to 20 per cent.
Central Bank hints at rate cut

Central Bank hints at rate cut

Credit rose 8.54 per cent by July 29 against late last year while mobilised capital surged 9.94 per cent, the State Bank of Viet Nam reported yesterday.