Tags: credit growth

Treasury puts US$10.5 billion in five banks

Treasury puts US$10.5 billion in five banks

The State Treasury deposited more than VND238.49 trillion (US$10.5 billion) in five commercial banks by the end of last year, up 3.3 times against January.

Future bright for local banks

Future bright for local banks

Business performance of commercial banks is forecast to continue its upward trend in 2018 after making significant improvements last year, according to a State Bank of Vietnam (SBV) survey.

Banks’ profit skyrockets due to credit growth

Banks’ profit skyrockets due to credit growth

Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.

Lending grows 12.16% in nine months

Lending grows 12.16% in nine months

Credit growth of the entire banking system in the last 10 days of September rose 1.14%, pushing the total increase in the first nine months of this year to 12.16%, the latest report from the State Bank of Vietnam (SBV) showed.

Preferential loans help reduce poverty

Preferential loans help reduce poverty

The Vietnam Bank for Social Policies (VBSP) reported that the bank has provided loans to over 31.8 million poor households and policy beneficiaries since 2002.

HCM City credit growth reaches 13.5 percent in 9 months

HCM City credit growth reaches 13.5 percent in 9 months

Outstanding loans of commercial banks in HCM City in the first nine months of 2017 rose 13.5 percent against December last year to more than US$73.57 billion, the city People’s Committee report stated.

Credit growth rate might pose risks

Credit growth rate might pose risks

A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.

Experts warn of high credit growth risks

Experts warn of high credit growth risks

As the Government is striving to obtain credit growth of 20% to 22% this year, many economic experts voiced their concerns over possible adverse impacts of high credit growth on businesses and the economy.

Domestic, int’l factors aid rate cut

Domestic, int’l factors aid rate cut

According to the National Financial Supervisory Commission, many supporting factors in both the domestic and international markets could help an interest rate cut until the year-end.

VBSP aims to provide US$1.8 billion to southwestern region in 2030

VBSP aims to provide US$1.8 billion to southwestern region in 2030

The Vietnam Bank for Social Policies (VBSP) aims to offer VND41 trillion (US$1.8 billion) of loans to the southwest region in 2030, up VND13 trillion (US$571 million), or 46 percent, compared to 2016, with average credit growth of 10 percent each year.

Eximbank to divest capital from Sacombank

Eximbank to divest capital from Sacombank

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will sell its 165 million shares at the Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) in a proper time.

Cautious banks to focus on lending quality

Cautious banks to focus on lending quality

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.