Bank

Even in a stable market with low and stable interest rates, offering an attractive credit package remains essential and meaningful for the Bank-Business Connection program.

The recently released consolidated financial statements show that Asia Commercial Bank (ACB) (HOSE: ACB) recorded a pre-tax profit of VND 20,068 billion in 2023, an increase of 17% compared to the previous year. This was achieved despite the increased provision for credit risk, thanks to a significant increase in interest income from external sources.

OCB, the Commercial Joint Stock Bank of the East, has achieved remarkable success in increasing its charter capital to 20,548 billion VND and pre-tax profit by 19% compared to the previous year. The bank has continuously introduced a series of attractive credit packages with competitive interest rates, aiming to serve its customers better. These achievements highlight OCB's strong presence in the business landscape in 2023.

According to the latest consolidated financial statements, An Binh Commercial Joint Stock Bank (ABBank, UPCoM: ABB) recorded a pre-tax profit of more than 584 billion dong in 2023, a 66% decrease compared to the previous year, despite a significant increase in profits from its services.

At the symposium held on the morning of February 3, 2024, analysts discussed the impacts of the amended Credit Institutions Law 2024 on the operations of credit organizations. Additionally, solutions were debated to effectively enforce the regulations of the Law...

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.