Majority of credit institutions expect profit growth in 2025

Majority of credit institutions expect profit growth in 2025

The majority of credit institutions forecast their business performance in the first quarter and the whole year of 2025 will be more positive than that last year, the latest survey of the State Bank of Vietnam (SBV) shows.

State-owned banks struggle to increase capital

While private joint stock commercial banks have increased capital significantly so far this year, the capital for State-owned commercial banks has remained stagnant.

An open banking system is essential for a smart city

Building a smart city with a smart payment system playing a key role has helped Hanoi gradually transform and make breakthroughs in the process of development, said Ha Minh Hai, Vice Chairman of the municipal People's Committee.

Central bank supports liquidity for banking system

The State Bank of Vietnam (SBV) on September 17 reduced the interest rate on the open market operation (OMO) channel from 4.25% to 4% per year.

Legal framework critical to boosting green credit

The recent amendment of the plan on green banking development in Vietnam is expected to create conditions for credit institutions to effectively promote green credit.

Central bank takes looser monetary measures

The State Bank of Vietnam (SBV) has relaxed monetary measures in the context of sharp declines in the foreign exchange rate in recent days.

Credit growth remains far from government’s target

Credit within the banking system to the end of May 2024 increased by only 2.41% against the end of 2023, far from the credit growth target, the Government reported.

Banks to offer more shares to foreign investors

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.

Banks raise interest rates to attract depositors

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.

Majority of credit institutions forecast profit growth in 2024

A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
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