Bank

According to MBS, in the cumulative year of 2023, FE Credit achieved operating income of 17,756 billion VND, a decrease of 13.8% compared to 2022, and a pre-tax loss of 3,529 billion VND. However, the financial company has recorded a positive pre-tax profit in two consecutive quarters and the asset quality shows signs of bottoming out.

By the end of January 2024, the market witnessed a decrease of 1.70% in the number of ATMs compared to the same period in 2023, with a total of 20,986 ATMs. On the other hand, there was a significant increase of 32.68% in the number of POS machines, reaching a total of 554,580 POS. The month of January 2024 also saw a remarkable surge in QR code transactions, with a staggering increase of 892.95% in terms of quantity and an impressive 1,062.01% in terms of value.

VPBank, one of Vietnam's leading commercial banks, has recently announced an adjustment to its savings interest rates.

Security has been tightened around the Ho Chi Minh City People's Court since 5 AM.

Following the guidance of the Prime Minister and the requirements of the State Bank, FE Credit - a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) - has publicly announced the average lending interest rate.

When taking out a mortgage to buy a house or a small business loan, besides attractive interest rates, customers are also interested in the additional values that banks integrate into each product package.

From 2013 to 2020, Bui Anh Dung, the former Chairman of the Board of Directors of SCB, fraudulently approved 404 loan applications, causing a total loss of over 187.6 trillion VND for SCB. In addition to his exorbitant salary, Dung also received 500,000 shares (equivalent to 5 billion VND) as a bonus during the Tet holiday. Furthermore, in 2020 and 2021, he received a total of 40 billion VND.

This morning (March 5), the People's Court of Ho Chi Minh City commenced the trial of the defendant Truong My Lan and her 85 accomplices in the case involving Vang Thinh Phat Group Joint Stock Company, Saigon Commercial Bank (SCB), and other related companies, organizations, and entities (referred to as the Vang Thinh Phat case).

Since Tet holiday, the interest rates on the money market have been fluctuating. While many banks have been lowering their interest rates, a few banks have been cautiously increasing them. For example, Sacombank recently raised its 3-month term deposit interest rate by 0.1 percentage point to 2.7% per annum. Furthermore, BVBank increased its interest rates for longer terms such as 24 months and 36 months by 0.1 and 0.2 percentage points respectively, reaching 5.7% per annum and 5.9% per annum.

Interest rates for home loans have seen a significant decrease at most banks after the Lunar New Year. It is worth noting that there are now banks offering home loan interest rates as low as 0% per annum on the market.