Credit institutions optimistic about their business performance in 2015
NDO – About 84% to 97% of credit institutions operating in Vietnam are optimistic that the total of outstanding loans will continue to increase in the first quarter of 2015 with loans in Vietnamese dong rising faster than that of foreign currencies.
They expect that the total outstanding loans of all credit institutions will grow 3.5% in the first quarter of 2015 and 14.57% by the end of this year.
The figures were announced by the State Bank of Vietnam’s Monetary Statistics and Forecasting Department in its recent survey on the business trend of credit institutions and branches of foreign banks in Vietnam in the first quarter of 2015.
Almost all credit institutions have assessed that the business environment and business performance improved significantly in 2014, and they expect more positive results in 2015.
Approximately 89% of credit institutions said that their liquidity improved in 2014, which will be maintained in 2015.
They also expect higher deposits in the first quarter of 2015 and throughout the year with an average increase of 4.5% in the first quarter and 14.35% by the end of the year.
Along with the optimistic business prospects, most credit institutions forecast that the rate of non-performing loans will stabilise or decrease in the fourth quarter of 2015. They believe that the non-performing loan ratio in 2015 will be less than 3% of the total outstanding loans.
According to results of the survey, interest rates are expected to remain stable or decline slightly in 2015, but deposits made to the banking system will continue to rise as it is still considered a safe and effective investment channel.
Đăng ký: VietNam News
