November 02, 2021 | 13:37

Is accrued interest behind rising bank profits?

Analysts suspect that the high profits posted by banks in the first nine months of the year is due to accrued interest, with the purpose of exhibiting financial capacity so they can more easily issue bonds to raise capital. A representative from the Vietnam Banks Association said that accrued interest is a “double-edged sword”.

Is accrued interest behind rising bank profits?
Photo: VnEconomy
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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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