December 30, 2011
Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct a situation where banks with customers cannot offer loans while [...]
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October 1, 2011
Vietnam’s central bank said it will cap interest rates on dong deposits that are non-term and those less than a month at 6 percent to address “liquidity risks,” amid concerns about the health of the nation’s banking system. The State Bank of Vietnam will maintain the existing 14 percent rate cap on deposits of [...]
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January 25, 2010
A panel advertising interest rates of 10.49 percent on dong deposits outside a SeABank office in Ho Chi Minh Cityâs District 1. The ongoing liquidity crunch is forcing commercial banks to break the law on interest rates in order to raise enough funds for lending, experts say. They are offering bonus percentage points on deposits [...]
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July 14, 2009
Commercial banks, after a period of trying to lure more clients to consumer loans, have begun setting additional conditions on loans. A lot of banks are considering loans to fund house purchases as their key productThey have begun to do this since the State Bank of Vietnam announced it would take inspection tours to examine [...]
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May 11, 2009
Pedestrians pass a Citibank branch in New York. Citigroup may improve capital ratios by converting some of the government preferred shares to common stock. A growing number of banks are eyeing quick repayment of US government capital injections after âstress testsâ showed major lenders are healthy enough to manage without public support. Goldman Sachs, Morgan [...]
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May 8, 2009
U.S. regulators Thursday unveiled the long-waited results of the government’s stress tests and urged 10 of the nation’s 19 largest banks to raise about 75 billion dollars in new capital to withstand future losses if the recession worsened. Federal Reserve chairman Ben Bernanke said the results “should provide considerable comfort to investors and the public,” [...]
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February 27, 2009
Commercial banks say they are laying down the red carpet to welcome clients who come for consumer loans. Meanwhile, clients are saying that they cannot access bank loans. The Saigon-Hanoi Bank (SHB) has announced an attractive program on consumer credit without requirements for mortgaged assets. Clients can borrow up to VND300 million for a maximum [...]
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