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).
ACB becomes seventh bank to meet Basel II standards Business

ACB becomes seventh bank to meet Basel II standards

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Vietnam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to seven.
HDBank targets profits up 27 percent in 2019 Business

HDBank targets profits up 27 percent in 2019

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) plans to collect 5.07 trillion VND (217 million USD) in pre-tax profits this year, an increase of 27 percent compared to 2018.
Thai economy shows good performance: SCB World

Thai economy shows good performance: SCB

The Siam Commercial Bank’s (SCB) latest review of the Thai economy reveals a healthy expansion rate despite a decrease in growth due to the global economy, trade war between the United States and China, and uncertainty among private companies on the formation of new government.
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.
VietinBank builds 150 charity houses in Quang Ngai Society

VietinBank builds 150 charity houses in Quang Ngai

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) on March 15 unveiled its joint project with the central Quang Ngai People’s Committee on building 150 charity houses for local needy residents.