Most banks reported a surge in profits in the first quarter as credit growth recovered and they temporarily stopped making provisions for bad debts.
Viet Capital Bank has created a tool called the Risk-Adjusted Return on Capital (RAROC) together with KPMG Tax and Advisory to facilitate risk-based pricing.
In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
Lender Eximbank has sought approval from the State Bank of Vietnam to pay a dividend of VND1,800 ($0.07) per share for 2020.
Lender ACB reported a 61.3-percent surge in profits in the first quarter to VND3.1 trillion ($134 million).
The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) on April 7 ordered members to adopt six measures of financial relief in light of the economic fallout and depressed incomes caused by the February 20 community transmission of Covid-19.
Prudential Vietnam reaffirmed a year of sustainable growth and enhancements in its business operations in 2020 while continuing to prioritise the health and wealth of customers and contribute to the country’s economic development.
The State Bank of Viet Nam (SBV) has decided to extend a policy allowing commercial banks to keep debt classifications for COVID-19 affected borrowers unchanged to help customers access bank loans.
Vietnam’s largest private lender Techcombank targets an increase of 25 percent in this year’s pre-tax profits to a record VND19.8 trillion ($858 million).