Tags

credit institution

Total assets of VN credit institutions rise by 4.97%

Total assets of VN credit institutions rise by 4.97%

Total assets of the Vietnamese credit institution system by the end of June 2024 reached more than VNĐ21.07 quadrillion, an increase of 4.97 per cent compared to the end of 2023
Credit still increases more than 10 per cent: SBV

Credit still increases more than 10 per cent: SBV

Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh Tu has said despite the COVID-19 pandemic, the bank has operated local monetary policy effectively and flexibly this year.
Govt takes bold measures to ensure safety of finance system

Gov’t takes bold measures to ensure safety of finance system

Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of...
Excess loans to be permitted beginning May 1

Excess loans to be permitted beginning May 1

Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
Some headway seen in bad debt management

Some headway seen in bad debt management

Recently Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank) sold VND2.58 trillion worth of non-performing loans to the Viet Nam Asset Management Company.
SBV to tighten non-core investment of credit institutions

SBV to tighten non-core investment of credit institutions

The State Bank of Viet Nam (SBV) is drafting a circular on further tightening the non-core investment of credit institutions to strengthen transparency and risk management in the banking system.
Northwestern region reports 14.45 percent credit growth

Northwestern region reports 14.45 percent credit growth

Total outstanding loans of credit institutions in the northwestern region were estimated at more than 147.25 trillion VND (7.01 billion USD) by December 31, said the State Bank of Vietnam (SVB).
Circular regulates deposit insurance

Circular regulates deposit insurance

Depositors of credit institutions that go bankrupt will be allowed to receive claim money from the Deposit Insurance of Viet Nam within one month after the bankruptcy declaration.
SBV circular sets restrictions for credit institution ‘families

SBV circular sets restrictions for credit institution ‘families'

The total credit limit granted to founding shareholders, major shareholders, family members and related parties must not exceed 5 per cent of the charter capital of a credit institution.
Decree lifts foreign ownership cap

Decree lifts foreign ownership cap

A single foreign strategic investor is now allowed to hold up to 20 per cent in a credit institution, an increase from the current 15 per cent.
Central Bank gives nod to historic acquisition

Central Bank gives nod to historic acquisition

In a landmark transaction last week, a credit institution was sold as a corporate entity in Viet Nam with approval from the central bank.
Lenders optimistic for Q4

Lenders optimistic for Q4

Credit institutions were expecting brighter business prospects in the fourth quarter, the State Bank of Viet Nam announced on Tuesday after polling all domestic and foreign lenders in Viet Nam.