Banks under pressure despite positive credit recovery

Banks under pressure despite positive credit recovery

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.
Banks cut interest rates from October

Banks cut interest rates from October

Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.
Banks raise deposit rates but only short-term

Banks raise deposit rates but only short-term

Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates.
Banks cut deposit rates thanks to good liquidity

Banks cut deposit rates thanks to good liquidity

Many banks have recently reduced deposit interest rates by 0.2-0.4 percentage points against earlier this year due to good capital mobilisation amidst the credit slowdown.
Gold deposit rates pick up again

Gold deposit rates pick up again

Gold deposit rates have been rising since early September, hitting the highest rate of 2.5 per cent per year, as banks are struggling with a lack of gold liquidity.
Rate drop slowly comes into view

Rate drop slowly comes into view

The State Bank is trying to force local lenders to respect the deposit rate cap in the first move en route to lowering the market rate target.
Local currency rates pushed to limit

Local currency rates pushed to limit

Dong interest rates face mounting pressures amid consumer price index surges.
Banks’ lending options set to be narrowed

Banks’ lending options set to be narrowed

Businesses could soon be forced to dig deeper to source bank loans.
Interest rate fly high as inflation rocks banks

Interest rate fly high as inflation rocks banks

Some local lenders are turning their backs on the interest rate mobilisation cap.
US dollar interest rates to head south

US dollar interest rates to head south

US dollar deposit rates are forecast by industry insiders to slip downward in the coming period.
Deposit interest rates capped at 14 per cent

Deposit interest rates capped at 14 per cent

The State Bank of Vietnam issued Circular No 02/2011/TT-NHNN on March 3, capping interest rates that can be offered by commercial banks on dong deposits at no more than 14 per cent per year.