Top ten outstanding banking events of 2018 Business

Top ten outstanding banking events of 2018

In 2018, the banking sector witnessed many achievements such as increasing foreign exchange reserves, remittances, and profit, but also faced challenges in interest and foreign exchange rates.
Vietcombank allowed to apply Basel II standards Business

Vietcombank allowed to apply Basel II standards

The State Bank of Vietnam has allowed Vietcombank to apply minimum capital adequacy ratio requirements following Basel II standards one year earlier than the deadline initially set by the central bank.
Banks race to issue bonds for capital hike Business

Banks race to issue bonds for capital hike

Many banks have issued a large amount of bonds to raise capital in a move to meet high demand during year-end’s peak lending season and prepare to meet the State Bank of Vietnam (SBV)’s regulations on tightening the use of short-term funds for long-term loans from early next year.
Credit institution assets reach nearly 448 billion USD Business

Credit institution assets reach nearly 448 billion USD

The total assets held by Vietnam’s credit institutions reached more than 10.3 quadrillion VND (447.8 billion USD) by the end of May, an increase of 3.27 percent over the beginning of this year, the latest report from the State Bank of Vietnam (SBV) showed.
Techcombank’s pre-tax profit doubles in first half Business

Techcombank’s pre-tax profit doubles in first half

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) posted a record pre-tax profit of 5.19 trillion VND (223.5 million USD) in the first half of the year – approximately double that of the same period in 2017.
Banks aim to up capital ahead of new standards Business

Banks aim to up capital ahead of new standards

Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Vietnam (SBV).
Indonesia’s financial system remains stable World

Indonesia’s financial system remains stable

The financial system of Indonesia remains stable and the bank intermediation function continues to improve, stated Bank Indonesia (BI) Executive Director for Communications Agusman.
VPBank posts 246.8 million USD pre-tax profit Business

VPBank posts 246.8 million USD pre-tax profit

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) posted a pre-tax profit of 5.6 trillion VND (246.8 million USD) in the first nine months of the year, a 79 percent year-on-year increase and reaching the top three of country’s banks following Vietcombank and Vietinbank.
Banking assets exceed 407 billion USD Business

Banking assets exceed 407 billion USD

Total assets of Vietnam’s banking system reached more than 9.25 quadrillion VND (407.5 billion USD) by the end of August, an increase of 8.79 percent over the beginning of this year.
Banks face charter capital difficulties Business

Banks face charter capital difficulties

State-owned banks are finding it more difficult to increase charter capital, especially when they still have to pay dividends instead of keeping the money for this purpose.