Rated banks in Việtnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.24 per cent to close at 940.75 points.
The State Bank of Việt Nam’s new regulatory limits on unsecured consumer-finance personal loans will pressure the business models of more-exposed companies over the next few years, according to Fitch Ratings.
An Bình Commercial Joint Stock Bank reported a profit after-tax of VNĐ1.23 trillion (US$53.18 million) for 2019, an increase of 36 per cent from the previous year.
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