Tag: banking stocks

Along with the recovery of the stock market overall, banking stocks have also been regaining ground in recent times. Figures from FiinTrade show that second-quarter after-tax profits at 23 of the 27 trading banks rose 33.4 per cent year-on-year on average.

A resurgence in banking stocks over recent days helped the VN-Index climb to a new record in hitting 1,500 points. This shows that bad debts rising but kept under control has not affected banking stocks to any great extent and the expansion of credit would take them even higher.