Bancassurance becomes crucial growth driver for banks in Vietnam
Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.
Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.
By the end of 2020, all commercial banks are required to meet Basel II standards, a condition for local lenders to expand their respective credit growth limit and increase registered capital.
It is likely that the credit growth in the first 11 months of the year is quite far away from the target of 14%, so the SBV is taking steps to boost credit.
The move is aimed at enhancing safety in the banking system, particularly liquidity.