Credit institutions expect better performance in 2019: survey

Most of credit organisations expect their business performance will keep improving in 2019

According to the department’s recent survey, 86 percent of local credit organisations perceived that their business situation improved in 2018, and 88 percent hope it will continue to get better this year.

A majority of the institutions also believe the banking system’s liquidity in terms of both the Vietnamese dong and foreign currencies will remain positive in 2019.

They said the rate of non-performing loans out of the outstanding credit balance was kept at a low level last year and tends to decline in 2019. They expect a growth rate at 13.9 percent for capital mobilisation and a credit growth rate at 15.27 percent by the end of this year, with faster growth in mobilised capital and credit in the Vietnamese dong.

The organisations added the business environment for them has been strongly improved since last year and more improvement is expected for this year.

About 77.6 percent of them predict the demand for banking services will increase, and clients will have the biggest demand for getting loans, making deposits and using payment services.

While 63.5 percent forecast overall risks of all client groups will remain stable in 2019, 15.3 percent said the risks are likely to decrease, the survey shows.