VOV.VN - Nine commercial banks each recorded trillions of VND in profit during the first half of 2019, making the combined profits of VND33.6 trillion (US$1.44 billion), as stated in their business reports for the reviewed period.
VOV.VN - Commercial banks have sought to raise capital via bond issuance as their tier one capital mobilization has run into difficulties.
The State Bank of Vietnam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.
VOV.VN - The banking sector is sending positive signals right from the get-go in 2019 as business outcomes of some commercial banks highlight noticeable growth in earnings.
Together with high profits of trillions of VND at the end of 2017, domestic commercial banks reportedly hired thousands of employees to boost their performances and seize new opportunities.
Adoption of appropriate policies by the State Bank of Vietnam (SBV) has helped it buy a large amount of US dollar to increase the nation’s foreign reserves, industry insiders said.
Some commercial banks are racing to withdraw invested capital from other banks to ensure compliance with the State Bank of Vietnam (SBV)'s regulations on ownership limits in early 2016.
Total outstanding loans to the real estate sector were estimated at around VND348,000 billion, nearly doubling the reported figure by banks.