Robust economy underpins stable outlook for banks: Moody's
Thursday, August 22,2019AsemconnectVietnam - Moody's Investors Service said in a new report released on Monday that its stable outlook for Viet Nam's banking system reflects the country's robust economic performance, which will support asset quality and profitability.
"Viet Nam's banks have been cleaning up their balance sheets, supporting asset quality, and we expect the system-wide problem loan ratio to decline to 4.8 per cent at the end of 2020 from 5.1 per cent at the end of 2018," Tan said.
Capital ratios should remain broadly stable over the next 12-18 months, supported by growth in retained earnings, although a number of banks will need to raise capital to meet stricter Basel II capital requirements while sustaining asset growth.
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