Banks raise deposit rates ahead of SBV rules

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Báo Dân Trí English 1 week(s) ago

Banks raise deposit rates ahead of SBV rules

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Vietnam’s regulations that are due to take effect in 2017.

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Banks covering their assets

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VietStock FI English 3 week(s) ago

Banks covering their assets

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks.

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Eximbank administers sharp cut to 2016 profit target

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Báo Đầu Tư English 2 month(s) ago

Eximbank administers sharp cut to 2016 profit target

Vietnam Export Import Bank (Eximbank) is lowering its target for deposits, lending, assets, and pre-tax profit for the year 2016 deviating from the earlier plan.

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Vietnam banks see 2016 credit growth up 20.4 pct on yr: c.bank

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Báo Tuổi Trẻ English 2 month(s) ago 1 duplicate news

Vietnam banks see 2016 credit growth up 20.4 pct on yr: c.bank

Banks in Vietnam expect lending this year to surpass targets, growing 20.4 percent over 2015, fuelled by stronger credit demand and better business conditions, the central bank said on Wednesday.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 3 month(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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Call to raise deposit rates on US dollar

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Báo Dân Trí English 3 month(s) ago

Call to raise deposit rates on US dollar

Several experts have suggested raising the US dollar deposit rates, which are currently pegged at zero percent, in order to attract domestic savers.

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Vietnam's central bank adds $7 billion to forex reserves: report

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Báo Thanh Niên English 4 month(s) ago

Vietnam's central bank adds $7 billion to forex reserves: report

The State Bank of Vietnam has shored up its foreign exchange reserves by buying a large amount of dollars this year, according to a new report from major lender BIDV.

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New SBV circular announced

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Báo Đầu Tư English 4 month(s) ago 1 related news

New SBV circular announced

Long-awaited amendments to Circular 36/2014/TT-NHNN regulating prudential ratios for the operations of credit institutions and foreign bank branches were officially issued on Friday afternoon, surprising many real estate insiders.

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First cut in deposit interest rates by banks

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Báo Đầu Tư English 4 month(s) ago

First cut in deposit interest rates by banks

After numerous hikes in interest rates this year, joint stock commercial banks have cut deposit rates for the first time thanks to good liquidity amid a lending slowdown.

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Vietnam banks to tighten real estate loans next year under new rules

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Báo Thanh Niên English 4 month(s) ago

Vietnam banks to tighten real estate loans next year under new rules

Vietnam’s central bank has announced new restrictions on real estate lending in an attempt to prevent bubble risks in the property sector.

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Dollar deposit rate of above 0% proposed

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Báo Dân Trí English 4 month(s) ago 1 related news

Dollar deposit rate of above 0% proposed

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

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SBV advised to raise dollar deposit rate

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Báo Đầu Tư English 4 month(s) ago 1 related news

SBV advised to raise dollar deposit rate

The central bank should evaluate the possibility of raising the interest rate on US dollar deposits instead of keeping it at zero per cent as it currently is to avoid side effects.

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Banks baulk at strict rules in SBV’s Circular 36

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Báo Đầu Tư English 4 month(s) ago

Banks baulk at strict rules in SBV’s Circular 36

Various banks have requested a delay in Circular 36 amendments, stating that stricter lending rules will hurt their business.

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Gov’t calls for microfinance NGOs to register with NBC

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VietStock FI English 4 month(s) ago

A government official lambasted the slow application rate for non-governmental organizations (NGOs) that operate as microfinance lenders, urging them to register with the National Bank of Cambodia (NBC).

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MFI lending continues to skyrocket in 2016

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VietStock FI English 5 month(s) ago

Cambodia's microfinance sector shows no signs of slowing down as the sector posted a staggering 41 per cent year-on-year increase in the of its loan portfolio, and a similar increase in deposits, by the end of the first quarter in 2016, figures released yesterday by the Cambodian Microfinance Association (CMA) show.

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