At its third session the 14th National Assembly passed a resolution to trial various policies on bad debt settlement and the handling of secured assets for bad debts of credit institutions, branches of foreign banks and State-owned organisations to speed up the settlement of bad … [Read more...] about NA resolution to speed up bank restructuring
Central national bank mortgage
Cyprus banks to open for first full day since lockdown
NICOSIA - Banks in Cyprus were set to return to normal trading hours on Friday after a relatively calm six-hour opening that saw the launch of strict capital controls to save the bailed-out island from a bank run. The measures, which include a daily withdrawal limit of 300 … [Read more...] about Cyprus banks to open for first full day since lockdown
Economy awash with cash as banks up liquidity
The National Financial Supervisory Committee has said that in the year-to-date the financial system has ensured that money supply is adequate thanks to the banking sector's plentiful liquidity. — Photo cafef.vn by Thien Ly The National Financial Supervisory Committee has … [Read more...] about Economy awash with cash as banks up liquidity
Banks look to cash in on higher credit growth
HA NOI (VNS) — Commercial banks are trying to increase credit growth this year as the State Bank has given them a target of 12 per cent. The general director of Nam A Bank, Tran Anh Tuan, said his bank was not worried about reaching this target. According to Tuan, … [Read more...] about Banks look to cash in on higher credit growth
Banks face threats despite improved balance sheets
HA NOI (VNS)— The nation's banking system currently maintains a capital adequacy ratio of 14 per cent, well above the industry standard level of 9 per cent, but this doesn't mean that troubled banks are out of the woods yet, according to researchers from the Banking Academy … [Read more...] about Banks face threats despite improved balance sheets