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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).

Credit programme gives boost to HCMC economic growth

Credit programme gives boost to HCMC economic growth

VOV.VN - Commercial banks have pledged to provide enterprises in Ho Chi Minh City with VND279 trillion (US$11.99 billion) in loans under the bank-enterprise linkup programme this year, heard a conference held in the city on April 18.

Profits soar despite slow in bank credit growth

Profits soar despite slow in bank credit growth

VOV.VN - The banking sector is sending positive signals right from the get-go in 2019 as business outcomes of some commercial banks highlight noticeable growth in earnings.

Banks expect higher credit growth limits

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.