Banks lending big to keep agriculture sector ticking Business

Banks lending big to keep agriculture sector ticking

According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached 2.3 quadrillion VND (100 billion USD), or 24.6 percent of the banking sector’s total loans.
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.
ADB loans 300 million USD to BIDV to support Vietnamese SMEs Business

ADB loans 300 million USD to BIDV to support Vietnamese SMEs

The Asian Development Bank (ADB) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) on December 12 signed a 300-million-USD loan agreement to support the growth and productivity of small- and medium-sized enterprises (SMEs) in Vietnam.
Bonds to be issued on banks' bad debts Business

Bonds to be issued on banks' bad debts

The Vietnam Asset Management Company has begun to issue a new class of bond against bad debts that can be traded between the central bank and lenders as well as among the latter.