state bank

Commercial banks are indifferent to SBV refinancingSurprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds.

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State Bank ponders new chargesCash deposits and withdrawals at credit institutions will be charged a fee if the central bank`s new draft rule on cash transactions gets approved.

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Six to seven banks to be merged, says Central bank’s GovernorSix or seven banks are to be merged this year, according to information disclosed by Nguyen Van Binh, Governor of the State Bank of Vietnam, at the monthly government meeting on April 1. This will bring the number of dissolved banks to seven to ten.

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State bank reassures depositors following arrestsThe State Bank of Vietnam announced that operations at the Vietnam Construction Bank continue as normal after the police arrested members of the bank`s top management.

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State Bank official optimistic about credit market in 2014One official from the State Bank of Vietnam (SBV) said in a recent interview that banks are applying better lending policies and credit will grow around 14% this year.

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Banks tending to recruit more former officialsMore and more former high-ranking state officials have become employees of commercial banks after their retirement.

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