Tags

bad debts

Bad debts expected to slow next time despite rising in nine months

Bad debts expected to slow next time despite rising in nine months

According to banks’ financial reports released recently, many banks, including large-scale banks, recorded an increase in bad debts in Q3 2024.
VAMC to auction bad debts starting at nearly 10 mln

VAMC to auction bad debts starting at nearly $10 mln

VAMC has purchased the bad debts of Sacombank related to Phúc An Khang International Hospital and Bình Dương Construction Stone.
Banks ramp up sale of real estate collateral to recover bad debts

Banks ramp up sale of real estate collateral to recover bad debts

Many banks have recently rushed to put up real estate collateral for sale to recover bad debts, but they are finding it difficult to sell the assets despite reducing prices.
Bad debts kept rising in first five months of 2024

Bad debts kept rising in first five months of 2024

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94 per cent, higher than the 4.55 per cent at the end of 2023
Consumer lending faces challenges

Consumer lending faces challenges

It is a tough market but analysts believe that 2024 will open a new period of credit growth, including consumer credit.
Property market slump prevents banks from selling collateral to recover bad debts

Property market slump prevents banks from selling collateral to recover bad debts

Banks are struggling to sell defaulting borrowers’ collateral, primarily real estate, to recover the debts since the property market is sluggish.
Bank bad debts forecast to remain under great pressure in 2024

Bank bad debts forecast to remain under great pressure in 2024

Banks said about 70 per cent of assets, which are mortgaged at banks for loans, currently are real estate.
Bad debts skyrocket in wake of poor business performance

Bad debts skyrocket in wake of poor business performance

Total non-performing loans (NPLs) at many banks surged in the first half of this year due to the poor business performance of the whole economy, and experts forecast the trend will continue.
Law needed to ensure banks can repossess collateral on bad debts

Law needed to ensure banks can repossess collateral on bad debts

Without regulations allowing them to seize collateral under Resolution 42, banks may be afraid to grant credit, affecting the ability to access loans of firms and individuals.
Bad debts running rampant in construction sector

Bad debts running rampant in construction sector

Very few contractors have taken legal action against their defaulted investors. It took them around three to five years to have their cases heard but the plaintiffs got their money back in just 30 per cent of the cases.
The Prime Minister asked to check the banks sale of debt and collateral

The Prime Minister asked to check the bank's sale of debt and collateral

A number of banks have offered for sale debt and collateral to recover and handle bad debts in the first half of last month.
Banks strengthen provision buffer for defaulted loans amid rising bad debts

Banks strengthen provision buffer for defaulted loans amid rising bad debts

According to experts, the move is a positive signal reflecting the preparation of banks for unpredictable fluctuations.
Challenges for banks in recovering bad debts

Challenges for banks in recovering bad debts

Commercial banks have been facing difficulties in recovering bad debts as they were unable to find buyers for high-value collateral despite big discounts.
Banking prospects from now to the end of the year

Banking prospects from now to the end of the year

The restructured debt balance saw improvements when the economy had recovered from the beginning of the year. 
Bad debts remain a challenge for banks in Q4 2022

Bad debts remain a challenge for banks in Q4 2022

According to the World Bank (WB), if including potential NPLs from restructured debts, the number of NPLs in the Vietnamese banking system is not low and must be continuously monitored.