Tags: credit growth

Credit declines sharply due to COVID-19

Credit declines sharply due to COVID-19

Credit grew only 1.96% as of May 29 as compared with late 2019, due to the impact of the COVID-19 pandemic, according to Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.

Banks expect credit growth extension

Banks expect credit growth extension

Many commercial banks are proposing the central bank to extend credit growth limits as they have nearly reached the allowed threshold.

Credit growth exceeds 13 percent in 2019

Credit growth exceeds 13 percent in 2019

Credit grew over 13 percent in 2019, slightly below the yearly target of 14 percent, a senior official from the State Bank of Vietnam (SBV) told a recent press conference.

Credit growth expands 8.4 per cent

Credit growth expands 8.4 per cent

Credit growth has expanded by 8.4 per cent against the end of 2018 so far this year, the General Statistics Office reported.

Central bank warns credit institutions over rate hikes

Central bank warns credit institutions over rate hikes

The State Bank of Vietnam (SBV) said it will closely monitor interest rates offered by credit institutions and take measures to strictly handle violations of the law, including cutting credit growth targets.

Bad debts on the rise in first half of 2019

Bad debts on the rise in first half of 2019

Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business segments.

Banking expert clarifies reasons behind six-month credit growth

Banking expert clarifies reasons behind six-month credit growth

VOV.VN - The soaring credit growth recorded during the first half of 2019 can be attributed to efforts by local firms to complete periodical business reports and some banks’ application of Basel II standards, a senior banking expert has claimed.

Credit growth expanded 7.33 percent in H1

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.

Forex reserves reach highest level to date

Forex reserves reach highest level to date

The State Bank of Vietnam (SBV) obtained a large amount of foreign currencies in the first half of 2019, pushing foreign exchange reserves recorded in the period to the highest level to date.

Banks short of credit growth quota for 2019

Banks short of credit growth quota for 2019

Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Vietnam (SBV).