Bank

By the end of Q4/2023, NCB has managed to maintain stable operations, surpassing its annual target set at the 2023 Annual General Meeting with 1 million customers and a total asset of over 96,249 billion VND.

By 2023, VPBank has made significant strides in expanding its customer base and scaling up its operations. The bank has managed to make progress amidst challenging macroeconomic conditions, focusing its resources on strengthening its system and building momentum for sustainable growth in 2024 and beyond.

Credit programs, not only support and assist the poor and vulnerable, who are the main subjects of policies in Ho Chi Minh City, with capital for production and business to create livelihoods and employment opportunities, but also play a significant role in the direction of sustainable economic development, economic growth, and social security ensured by the Government.

The Quang Nam Provincial Police have recently pressed charges against 47 individuals involved in an online lending network with interest rates soaring up to over 2,300% per annum.

The recent amendment to the Credit Institutions Act, passed by the National Assembly during an extraordinary session, has introduced several measures to address cross-ownership, manipulation, and domination of credit institutions. However, it is challenging to "make the intangible tangible"! To prevent cross-ownership, it is crucial to enhance the effectiveness of inspections and supervision.

According to the recently published consolidated financial statements, Vietcombank (HOSE: VCB) reported a pre-tax profit of nearly 11,694 billion dong in the fourth quarter of 2023, a 6% decrease compared to the same period last year, despite benefiting from a recovery of approximately 1,500 billion dong in credit risk provisions.

Last week (29/01-02/02/2024), the USD price in the international market continued to rise as data showed that the US labor market is still robust, contributing to the retreat of expectations that the US Federal Reserve will soon reduce interest rates.

Lender with heavy interest, attaching tracking devices and threatening borrowers before they can repay. The actions of the ringleader Lương Hoàng Nhật Nam and his accomplices have been uncovered and apprehended by the police.

VietinBank (CTG) has reported a pre-tax profit of more than 25,100 billion VND, representing a 19% increase compared to the previous year, according to its quarterly consolidated financial statements.

Last week (22-26/01/2024), the USD surged in the international market as data showed that the US economy remained strong while inflation was heading towards the target of 2%, increasing expectations that the Federal Reserve would not rush to cut interest rates.