Vietnam > Finance

HDBank profits up 44.2% in H1, NPL ratio at only 0.8%, joins hands with community to combat pandemic

07/31/2021 12:59

The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported pre-tax profit of VND4.19 trillion (US$183.9 million) for the first half of the year, a year-on-year increase of 44.2 per cent and equivalent to 58 per cent of the full-year target.

Headlines

Vietnam > Finance

Ho Chi Minh City banks practice ‘stay-at-work 'mechanism to maintain normal operations

07/31/2021 13:07

Many lenders in Ho Chi Minh City have applied the ‘three-on-the-spot’ mechanism, one of two models required for production companies in virus-hit areas, to deal with difficulties caused by the COVID-19 pandemic.

Vietnam > Finance

HDBank profits up 44.2% in H1, NPL ratio at only 0.8%, joins hands with community to combat pandemic

07/31/2021 12:59

The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported pre-tax profit of VND4.19 trillion (US$183.9 million) for the first half of the year, a year-on-year increase of 44.2 per cent and equivalent to 58 per cent of the full-year target.

Vietnam > Finance

Banks to tighten credit in risky sectors in remaining months of this year

07/31/2021 12:55

Banks will continue to tighten lending in risky sectors including securities, real estate, financial, and tourism business, seeing higher credit risks in the remaining months of this year, a survey carried out by The Monetary Forecasting and Statistics Department, has said.

Cambodia > Finance

GDT strives to unfold tax intricacies: official

07/30/2021 08:23

A senior tax official pledged to facilitate all tax issues for Japanese investors currently investing or doing business in Cambodia to ensure things go smoothly, as part of a broader effort to create productive feedback channels, and improve transparency and operational efficiency, according to the General Department of Taxation (GDT).

Vietnam > Finance

Central Bank warns of risks in real estate lending

07/29/2021 20:11

Credit demand has been on the rise in the first half of the year and is set to maintain its growth momentum for the second six months.

Vietnam > Finance

ABBANK expects to have credit rating upgraded after excellent H1 results

07/29/2021 08:24

Moody's Investors Service has assigned a B1 rating for An Binh Commercial Joint Stock Bank’s long-term domestic and foreign currency deposit, one spot higher than the lender’s baseline credit assessments.

Cambodia > Finance

Bank loans to spheres of real estate, construction top $10B

07/29/2021 08:19

The combined real estate and construction loan exposure of the Cambodian banking industry stood at 31 per cent of the sector’s $33.9 billion total loan book in end-June, at about $10.5 billion, according to the central bank.

Vietnam > Finance

Credit limit increase will support economy

07/28/2021 09:01

Many commercial banks have now extended their credit growth limit for 2021. This could be the best solution offered by the State Bank of Vietnam because currently monetary policies do not have much room and the brunt of reducing lending interest rates is falling on the economy.

Vietnam > Finance

SBV considering proposal for developing framework for tackling NPLs

07/28/2021 08:53

The State Bank of Viet Nam is studying a proposal for developing a law on resolving the non-performing loans (NPLs) of credit institutions over the risk of rising bad debts as the COVID-19 pandemic weighs on production and business.

Cambodia > Finance

NBC: Financial institutions in H1 restructure $5.5 billion in loans

07/28/2021 08:24

The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank of Cambodia (NBC).

 

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