Topic: banking sector

Draft proposes adding numerous sanctions and increasing fines for administrative violations.

Banks worldwide now recognize the benefits AI can provide in banking operations and customer access.

The banking sector makes an important contribution to economic growth, PM tells January 8 conference.

Risk management has become an extremely important task for all banks.

Central bank directed to adjust policies to help boost the property market.

SSI Research has published a report on the estimated business results of 26 companies in the third quarter of this year. Twenty-four are forecast to post profit growth while two are forecast to see a fall in profits. Banking profits are believed to have grown strongly in the third quarter despite interest rate hikes putting pressure on the net interest margin (NIM). The leading banks in terms of profit were Vietcombank, BIDV, ACB, and VPBank.

A recent report from the Agribank Securities Company (Agriseco) noted that the banking sector will face challenges maintaining profit growth in 2022 and 2023 at levels recorded in 2020 and 2021. Growth has declined amid insufficient space for credit growth, while Net Interest Margins (NIM) face pressure from rising deposit rates as lending rates prove difficult to increase.