Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,652 VND/USD on December 15, down 2 VND from the previous day.
Amid rising non-performing loans (NPLs), many banks have strongly increased their loan-loss reserve (LLR) funds to readily face uncertainties in the future.
Thailand’s banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the ASEAN economy in the post-pandemic period.
The State Bank of Vietnam (SBV)’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year (Tet).
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,655 VND/USD on December 12, down 2 VND from the last working day of previous week (December 9).
The State Bank of Vietnam has raised the domestic banking system’s credit growth by 1.5-2.0 percentage points from the previous 14% limit on December 5.
Although banking profits are expected to grow slower in Q4/2022 and in the first half of 2023, experts still have an optimistic outlook on bank stocks in the short term.
Weak banks that are restructuring will be the target of merger and acquisition (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,658 VND/USD on December 5, down 2 VND from the last working day of the previous week (December 2).
The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of 320 million USD in three Vietnamese banks, reported the Nikkei Asia.
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