Banks short of credit growth quota for 2019 Business

Banks short of credit growth quota for 2019

Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Vietnam (SBV).
IFC credit package boosts lending to Vietnamese SMEs Business

IFC credit package boosts lending to Vietnamese SMEs

The International Finance Corporation (IFC) – a sister organisation of the World Bank and member of the World Bank Group - and the Orient Commercial Bank (OCB) on March 27 signed a cooperation deal on a 100 million USD credit package and a consultancy programme to promote supply chain financing.
Vietcombank to cut stake in Eximbank Business

Vietcombank to cut stake in Eximbank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).
Banks help low-income earners Business

Banks help low-income earners

Commercial banks and financial companies are competing fiercely for a slice of the profitable personal-loan market as demand often rises sharply at the end of the Lunar New Year.
Vietnam credit growth rises Business

Vietnam credit growth rises

Credit growth by February 20 rose 0.39 percent while capital mobilisation increased 0.34 percent against December last year, a government report released early this week said.
Business

More credit opportunity for home buyers: paper

Individual and institutional investors will be allowed to use their homes of the commercial projects that are under construction or will be developed as collateral to take out bank loans as stated in a recent joint circular, the Saigon Times Daily reported.
Business

BNP Paribas up stake in local bank

The French bank BNP Paribas (BNPP) will raise its stake in the Orient Commercial Bank (OCB) from 10 percent to 15 percent following a recently-signed agreement between the two sides.
Commercial banks racing to pool capital Business

Commercial banks racing to pool capital

Vietnamese commercial banks have, since late July, lifted interest rates on deposits in VND, especially short-term ones, in a bid to mobilise more capital in the remaining months of the year.