Tag: service sector development
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Resident Deposits in Credit Institutions Reach 8 Quadrillion Dong
Data from the State Bank of Vietnam reveals that, to date, resident deposits in credit institutions have reached approximately 8 quadrillion VND, marking a nearly 13% increase compared to the same period last year.
Eximbank Credit Grows by 8.51%, Pre-Tax Profit for 9 Months Reaches VND 2,049 Billion
Eximbank is embarking on a transformative journey, poised to establish a robust foundation for sustainable growth and solidify its position within Vietnam's financial and banking ecosystem.
Saigonbank Reports 78% Surge in Pre-Tax Profit for Q3 Despite Negative Credit Growth
According to the Q3/2025 Consolidated Financial Statements, Saigon Commercial Joint Stock Bank (Saigonbank, UPCoM: SGB) reported pre-tax profits exceeding 83 billion VND, a 78% surge compared to the same period last year. This remarkable growth is primarily attributed to an 88% reduction in credit risk provisioning expenses. Notably, customer lending at the end of Q3 decreased by 6% from the beginning of the year.
