4 days ago
Vietnam to Cut Reserve Ratios for Banks Taking Over Weak Lenders
Vietnam will halve dong-denominated reserve ratios for banks that are taking over weaker lenders, as it promotes consolidation in the nation's financial sector.
From Oct. 1, the State Bank of Vietnam will reduce the amount of money that must be set aside for lenders assigned to take over banks that are under the regulator's special scrutiny, the central bank said in a statement Thursday.
