Banks post huge profits despite low credit growth
Credit growth throughout the banking sector in the first quarter remained low at 0.26 per cent, but many banks still reported significant profits.
Source: vir.com.vn
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Regaining trust essential to bolster growth of credit
Some banks are at times reluctant to lend, regardless of their financial standing. Tran Ngoc Bau, CEO of WiGroup, a major provider of economic data and fintech solutions, talked to VIR’s Nhue Man about credit bottlenecks in the current context and how to boost credit growth in a healthy manner.
Source: vir.com.vn
Banks struggle to reach 2023 profit targets
Banks are struggling to hit their annual profit targets.
Source: vir.com.vn
Lending rate lag still causing bank unease
Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
Source: vir.com.vn
Banks advised to pay attention to liquidity when large savings mature
Banks will have to exercise caution to ensure stable liquidity when trillions of Vietnamese dong in savings deposits reach their maturity dates over the next few months, according to experts.
Source: thoibaotaichinhvietnam.vn