Saturday, April 20, 2019 11:20:43 PM - Markets open
VN-INDEX 966.21 +3.91/+0.41%
HNX-INDEX 105.88 +0.13/+0.12%
UPCOM-INDEX 56.05 +0.05/+0.08%
Banks expected to maintain good performance in 2019
VietnamPlus - 2/11/2019 7:49:06 AM
 (0 ratings. You must sign in to rate.)
A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.
Under the business sentiment survey, which covered domestic and foreign commercial banks operating in the country, 86 percent of credit institutions said their business situation improved in 2018, and 88 percent hoped it would continue to get better this year, of which 35 percent anticipated ‘significant improvement’.
A majority of the institutions also believe the banking system’s liquidity in terms of both the Vietnamese dong and foreign currencies will remain positive in 2019.
They said the rate of non-performing loans out of the outstanding credit balance was kept at a low level last year and tends to decline in 2019. They expect a growth rate at 13.9 percent for capital mobilisation and a credit growth rate at 15.27 percent by the end of this year, with faster growth in mobilised capital and credit in the Vietnamese dong.
The institutions added the business environment for them has been strongly improved since last year and more improvement was expected for this year.
About 80.7 percent of them predict the demand for banking services will increase, and clients will have the biggest demand for getting loans, making deposits and using payment services.
While 63.5 percent forecast overall risks of all client groups will remain stable in 2019, 15.3 percent said the risks are likely to decrease, the survey shows.
With optimism about growth prospects for 2019, banks also forecast the industry’s labour market to see positive changes in the coming months, of which some 76.74 percent of them plan to recruit more this year and 18.61 percent to keep the workforce unchanged.-VNA
Read original article here
Newer News
16/04 Bad debt handling to be audited
Newsletter Signup
Top Stories
Vinalines Logistics’ profit growth projected at least 10 percent
Shares move little as Tết approaches
Consumer price index slips 0.07 per cent during August
Average VND/USD exchange rate rises by another 1%
Vietnam doubles dong’s trading band after China devalues yuan
Market Update
Last updated at 3:09:11 PM
VN-INDEX 966.21 +3.91/+0.41%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.