The slow economic activity and a sluggish property sector, which is usually the biggest borrower, are some of the reasons for the projected slowdown in credit growth
Finance
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In 2022, the bank outperformed its targets, thanks to a sharp reduction in its bond portfolio and a focus on lending to businesses and consumers.
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That many enterprises will be subject to inspection regarding their previous stages of flotation or divestment of State capital sparks concerns among investors. This could be another source of pressure on the stock market, which is already in a sensitive and very vulnerable state.
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Finance
Vietnam Maritime Bank lures oversea investors as foreign ownership limit nears cap
by Sophie DaoRecently, MSB was granted the best credit limit among banks by the State Bank of Vietnam at 13.5%, mainly due to the much lower LDR ratio compared to other banks
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Currently, VIB has the leading retail proportion in the industry, with nearly 90% of its credit portfolio, and leads the market share in many areas such as lending for house, car, and credit card purchases
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Making the sale of insurance transparent and managing the quality of consulting during this process are the key to ensuring the long-term sustainable development of bancassurance—the distribution of insurance products via banks.
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FinanceTrending
U.S. government takes control of Silicon Valley Bank as its CEO Sold $3.6 Million in Stock Days Before Bank’s Failure
by Dean DougnGreg Becker used prearranged stock-trade plan to sell shares Silicon Valley Bank failed Friday and was taken over by FDIC
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Finance
Wall Street’s 4 top banks just had $55 billion wiped off their market value in a single day
by Dean DougnJPMorgan, Bank of America, Wells Fargo and Morgan Stanley saw $55 billion wiped off their combined market capitalization on Thursday.