Bank

Building on the momentum of nearly doubling in 2023, VPBank is targeting to continue doubling its retail current account and savings account (CASA) deposits in 2024, in order to reduce funding costs, through a segment distribution strategy and the bank's superior digital payment solutions.

In a low interest rate and low credit demand environment, NIM compression is inevitable. So how can banks improve their NIM in 2024 when interest rates are expected to remain low for at least the next 6-9 months?

In March 2024, Vietcombank offers the highest savings interest rate of 4.7% per year, applicable to personal deposits of 12 months or more with interest paid at the end of the term.

The experts shared at the "Prospects of the Banking Industry in 2024" conference organized by Ho Chi Minh City Securities Corporation (HSC) believe that the banking industry in 2024 will have many favorable factors. However, investors should consider the positioning and individual story of each bank, as well as the overall valuation of the industry and the specific banks.

Savings interest rates in 2023 witnessed a race to the lowest levels in 20 years, dropping from a peak of 12% per year for the 12-month term in early 2023 to below 5% per year by the end of the year. Let's take a closer look at the unprecedented interest rate developments of the past year with Tiền Phong.

The current price of gold rings is very high, around 65 million dong per tael, which is about ten million dong higher than a year ago.

Gold prices in the country plummeted on the afternoon of the first day of Tet, with many places trading below 78 million dong per tael.

The figures were released at the online annual banking credit conference for 2024 by the State Bank of Vietnam (SBV) on the morning of February 20, 2024.

In the grim backdrop of 2023, despite loan extensions and deferred payments, non-performing bank loans still surged towards the end of the year, surpassing the initial figures.

This morning (February 3), the price of gold in the domestic market continued to rise for the fourth consecutive session. Compared to the early trading session, the price of gold has increased by 2 million VND/tael, reaching 78.5 million VND/tael.