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Image: Switching to savings accounts

Switching to savings accounts

The number of current account savings accounts (CASA) held by individuals has declined though it had been projected to increase on fast online payment growth which would lead to cash payments dipping CASAs plunge The past two years saw strong growth in CASAs thanks to banks pushing for electronic

Image: Banks report handsome profits in Q3

Banks report handsome profits in Q3

HCMC – Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly VND4.5 trillion between July and September, surging by 71% year-on-year. VPBank put its pretax profit at over VND4.5 trillion in

Image: Banks adapt as China’s central financial institution bursts its cash outflows

Banks adapt as China’s central financial institution bursts its cash outflows

The Agricultural Financial institution of China (AgBank) – the world’s third greatest financial institution by sources – will take Beijing’s


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