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Credit institutions

New policy drafted to help non-bank credit institutions develop further

New policy drafted to help non-bank credit institutions develop further

Under the draft circular, the SBV proposes that credit institutions are reorganised in the form of converting non-bank credit institutions.
New regulations on mergers, consolidation of credit institutions proposed

New regulations on mergers, consolidation of credit institutions proposed

Under a recently released draft circular, the SBV proposes that any merger and consolidation of credit institutions must meet several principles.
New policy stipulates special lending cases for credit institutions

New policy stipulates special lending cases for credit institutions

The regulation, under the SBV’s Circular 37/2024/TT-NHNN, stipulates SBV’s special lending cases for credit institutions.
Credit limit for large customers to be gradually reduced over next five years

Credit limit for large customers to be gradually reduced over next five years

Under the Law on Credit Institutions, which took effect from last month, over the next five years, the credit limit will be decreased by one per cent every year for a customer.
Banks to develop roadmap to comply with share ownership cap policy

Banks to develop roadmap to comply with share ownership cap policy

According to the Law, which took effect from July 1 this year, institutional shareholders will need to lower the percentage of shares they hold in a credit institutions from 15 per cent to 10 per cent 
Detailed guidance needed to have new insurance agency policy run smoothly

Detailed guidance needed to have new insurance agency policy run smoothly

Due to confusion, some banks have temporarily suspended the sale of insurance products, causing their revenue to decline sharply since the law took effect.
New law tightens cross-ownership in credit institutions

New law tightens cross-ownership in credit institutions

Cross-ownership and manipulation in credit institutions will be tightened after the revised Law on Credit Institutions took effect from July 1, 2024.
New policy on reducing credit limits to have impacts on big banks, groups

New policy on reducing credit limits to have impacts on big banks, groups

A new regulation on reducing the bank credit limit for large customers under the amended Law on Credit Institutions, will adversely affect both banks and large enterprises, experts said.
Bank shareholders interested in restructuring plans of weak credit institutions

Bank shareholders interested in restructuring plans of weak credit institutions

There are several weak CIs in the Vietnamese banking system that are being put under special control and have to undergo restructuring as per the request of the Government. Three of them are Ocean Bank, GPBank and CBbank, which the...
PM asks to put cross ownership at credit institutions under scruntiny

PM asks to put cross ownership at credit institutions under scruntiny

Scrutinising cross ownership and manipulation at credit institutions aims to ensure system safety as well as financial and monetary security.
Incentive policy drafted to promote settlement of weak credit institutions

Incentive policy drafted to promote settlement of weak credit institutions

The move was made as the settlement progress of specially controlled credit institutions has been slow.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

Credit institutions said the overall business performance and pre-tax profit of the banking system in the first quarter of 2024 were not as good as expected. However, they expect it will be better in the second quarter of 2024 and...
New law expects to boost financial leasing

New law expects to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not...
Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated lending proposed to reduce impacts of loan limit policy

Syndicated loans with the participation of more than one bank in managing and evaluating projects also help increase the transparency and efficiency of projects.
Changes to Law on Credit Institutions reduce ownership limits in banks

Changes to Law on Credit Institutions reduce ownership limits in banks

Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.