HDBank named among best companies in Vietnam Business

HDBank named among best companies in Vietnam

HDBank was honoured along with other leading companies such as Vinamilk, Vingroup, CP Vietnam, and Vietnam National Petroleum Group as being among the Top 50 of Vietnam at the ceremony to announce the country’s 500 largest companies (VNR500) last week in Hanoi.
VIB's pre-tax profit surges 52 percent in Q3 Business

VIB's pre-tax profit surges 52 percent in Q3

The Vietnam International Bank (VIB) posted pre-tax profit of over 1.66 trillion VND (72 million USD) in the third quarter of 2020, up 30 percent month-on-month and 52 percent year-on-year, according to its third quarter 2020 financial report published recently.
Greater efforts needed to tackle bad debts: Experts Business

Greater efforts needed to tackle bad debts: Experts

The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Indonesia: Banking industry posts strong Q1 World

Indonesia: Banking industry posts strong Q1

Bank Central Asia (BCA), Indonesia’s largest lender by market capitalisation, reported 6.58 trillion rupiah (444 million USD) in net income in the first quarter of this year, up 8.5 percent against the first quarter of 2019, when it reported net income of 6.06 trillion rupiah.