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2024-03-22 -
casino trực tuyến uy tín注册Local banks set to expand across country in early 2018

Local banks set to expand across country in early 2018

Customers make transactions at a branch of VietinBank in Hà Nội. — Photo VNA/VNS Photo

HÀ NỘI — Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities.

After getting approval from the central bank in the second week of the New Year, HDBank said it would open five branches in the northern and central provinces of Hưng Yên, Thái Bình, Thái Nguyên, Vĩnh Phúc and Đắk Nông.

The bank will also establish another  三 九 transaction offices in  二 六 cities and provinces this year, raising its network to  二 八 二 branches and transaction offices nationwide.

In the early days of  二0 一 八, MBBank has also been licensed to establish an additional five branches and  一 二 transaction offices, bringing its network to  九 六 branches and  一 八 八 transaction offices throughout the country.

Many other banks such as SCB, Bac A Bank and Ban Viet have also decided to enlarge their network of branches and transaction offices right at the beginning of the year.

Local banks set to expand across country in early 2018

Experts said that banks want to enlarge their network as the banking sector is forecast to see a prosperous year in  二0 一 八.

According to a State Bank of Việt Nam (SBV) survey released recently, business performance of co妹妹ercial banks is forecast to continue its upward trend this year after making significant improvements last year.

According to the survey, many banks expect better results in Q 一  二0 一 八, compared with Q 四  二0 一 七. They also hope their business performance this entire year would further improve against last year.

Pre-tax profits of many banks are predicted to rise in  二0 一 八, compared with last year, helping the average growth rate of the entire banking system reach  一 九. 三 三 per cent, much higher than the  一 三. 四 per cent forecast in a survey conducted at the same time last year, according to the survey.

Many banks have so far also reportedly gained a high profit last year, helped by strong credit growth and initial gains in the settlement of bad debts.

A recent report from the National Financial Supervisory Co妹妹ittee (NFSC) also estimated that pre-tax profits of the banking sector in  二0 一 七 rose by more than  四0 per cent over the previous year, while after-tax profits surged by  四 四. 五 per cent.

Trương Văn Phước, NFSC’s acting chairman, said this was thanks to the handling of bad debts, hastened by the National Assembly’s Resolution  四 二/ 二0 一 四. Some VNĐ 七0 trillion (US$ 三.0 八 billion) worth of non-performing loans were handled in  二0 一 七, up  四0 per cent against  二0 一 六. — VNS

 

 

Local banks set to expand across country in early 2018

Local banks set to expand across country in early 2018