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credit policy
Update news credit policy
SBV gives the green light to increase credit
According to the State Bank of Vietnam (SBV), commercial banks and other credit institutes whose credit growth reached 80 per cent of the targets set by the central bank at the beginning of the year, will have their credit limit increased.
Credit growth quota policy needs to ensure safety of banking system
The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
Realtors say legal regulations unclear, credit difficult to access
Big real estate firms continued to complain about difficulties in credit access at a conference on credit for the real estate sector and social housing, held by the State Bank of Vietnam (SBV) and Ministry of Construction (MOC) some days ago.
Central bank allocates all credit growth quotas for banks
The State Bank of Vietnam (SBV), the country’s central bank, announced on Monday that all the remaining credit growth quotas had been allocated for commercial banks, thus sending the total for this year to 14%.
Credit loosened as interest rates are cut
The decision to cut interest rates took effect earlier last week, as some commercial banks have announced interest rate cuts for both deposits and loans.
Credit growth and rate cuts
Since early this year, many banks have made deep deposit rate cuts, with the rate for tenures shorter than six months reduced by 0.5 percentage point and that for longer tenures slashed by 1.5 to 2.0 points.
SBV reaffirms 3.63% NPL ratio, countering Moody's valuation
VietNamNet Bridge – The State Bank of Viet Nam (SBV), countering Moody's valuation this week, reaffirmed (Feb 21) that the bad debt ratio of the banking system was 3.63 per cent last December.
