Credit growth reaches 10.22% in 11 months

Source: Pano feed



Đăng ký: VietNam News






Photo for illustration. (Source: dantri.com.vn)

Photo for illustration. (Source: dantri.com.vn)



Credit growth of credit institutions during the Jan-Nov period reached 10.22% compared to the end of 2013, the State Bank of Vietnam (SBV) reported.


Credit structure continued to transfer to small and medium-sized enterprises, agriculture sector and rural areas.


On the basis of closely following credit growth of every credit institution and the entire system, SBV will consider growth target adjustment for credit institutions in need.


According to SBV, total payments of the banking system and capital mobilization saw a same rise of over 13% from the end of last year.


Capital mobilization in Vietnamese dong (VND) increased 14.7% in residential areas as VND interest rate decrease showed deposit in banks was being chosen by people.


So far, VND mobilization and the lending rate have dropped 1.5-2% per annum in comparison to the end of 2013, contributing to removing difficulties for production and business, but still ensuring inflation control and monetary market stabilization./.