­­State Bank assigns credit growth target of 15% for banks

­­State Bank assigns credit growth target of 15% for banks

VCN - The SBV said that sticking to the Resolution of the National Assembly, the direction of the Government and the Prime Minister, the SBV aims for credit growth in 2024 of about 15% and flexibly adjusts in accordance with actual developments and situat
Credit growth is facing difficulties

Credit growth is facing difficulties

VCN - In 2023, the State Bank (SBV) will operate monetary policy flexibly, in accordance with the current state of the economy.
Credit growth is difficult to reach the target

Credit growth is difficult to reach the target

VCN - In the last months of 2023, low credit growth is a big problem for the banking industry, regulatory agencies and Government leaders.
Credit growth expected to improve in remaining months: Experts

Credit growth expected to improve in remaining months: Experts

Thanks to drastic efforts by the Government, credit growth is expected to increase positively in the last months of this year, helping ease difficulties for businesses and propelling forward the development of the economy.
Banks

Banks' "step back" in the second quarter

VCN - Up to now, 27 banks have announced business results for the second quarter and first six months of 2023.
Banks set a lot of "ambitions" with the goal of credit growth

Banks set a lot of "ambitions" with the goal of credit growth

VCN - After two times of lowering the operating interest rate from the management agency, the deposit interest rate has dropped quite sharply, helping to create the expectation that the lending interest rate will go down, thereby stimulating a credit incr
Which solution to open capital flow?

Which solution to open capital flow?

In recent days, the story of extending credit growth limits to "save" liquidity for the economy has been exciting. Naturally, therefore, a flexible operating mechanism is what businesses always want.
SBV adjusts credit growth targets for banks

SBV adjusts credit growth targets for banks

The adjustment of credit growth targets is made on the basis of the request of credit institutions assessing their operational requirements
Revenue from services helps the bank to grow

Revenue from services helps the bank to grow

Limited credit growth and the tendency of deposit interest rates increase faster than lending rates are putting pressure on the net interest income (NIM) ratio.
Banks

Banks' bad debt continues to increase

Not only wanting to legislate Resolution 42 on dealing with bad debts, banks also expect a more developed debt trading market, with a mechanism to support banks in handling bad debts effectively.
Banks increase profits on strong credit growth

Banks increase profits on strong credit growth

Banks at the end of July reported significant increases in first-half profits on strong credit growth despite pressures from the pandemic
If the credit limit is extended, will cash flow into production and business?

If the credit limit is extended, will cash flow into production and business?

VCN-As of the end of May, credit growth reached 4.67%. According to the financial statements of the first quarter of the banks, credit growth is diverging quite strongly.
Interest will be adjusted based on the market and each bank

Interest will be adjusted based on the market and each bank

The State Bank of Vietnam (SBV) has experience in dealing with different price increases in the world, so it will have an appropriate interest rate management policy.
SBV Governor calls for credit growth, quality

SBV Governor calls for credit growth, quality

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has requested that credit growth be achieved in tandem with improving credit quality, with a focus on manufacturing and priority areas.
Positive credit growth, interest rates may decrease

Positive credit growth, interest rates may decrease

VCN- According to the estimates of VnDirect Securities Company, the credit growth of many banks is quite positive. By the end of first quarter, ACB's credit growth could reach 3.5%, much higher than the 2.3% increase in the same period of 2020.
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