Mô tả
In the current context of the national
economy and with an aim to promote credit growth to 25 percent this
year, banks have no choice, but to reduce lending interest rates
further, said banking specialists.
Nội dung
According to the State Bank of Vietnam, by the end July, total mobilised
capital grew 16.3 percent, while total outstanding loans of the banking
sector increased by nearly 13 percent over last year. Thus, the growth
of mobilised capital is better than that of loans in the first seven
months of 2010.
In HCM City, the HCM City Department of Statistics said that in July,
the pace of mobilised capital growth for the first time was higher than
loans. Mobilised capital of the city's banking system reached 669.7
trillion dong, increasing 20.5 percent over the same period last year
and increased 11 percent over earlier this year, while outstanding loans
touched 610.8 trillion dong, up 26.4 percent over the same period last
year, up 9.1 percent over earlier this year. In particular, outstanding
loans in the foreign currencies, mainly US dollars accounted for 28
percent of total outstanding loans, up 44.2 percent against the same
period last year and credit balance in dong rose 20.5 percent.
The improved capital mobilisation is a prerequisite for the banks to
boost lending. On the other hand, many banks announced the results
showing that in the first six months of this year, they were still
mainly living up to credit activities such as Vietcombank, Eximbank,
Asia Commercial Bank and others. Credits will continue to be
strengthened in the near future.
Meanwhile, since mid-June, the State Bank had issued restriction on
foreign currency loans. The apex bank asked the credit institutions to
constantly balance loans in foreign currencies, mainly US dollars lower
than capital balance in dollars that they mobilised from other economic
organisations and residents, ensuring the ability to secure payment;
strict control of credit limits, loan terms corresponding to terms of
mobilised capital in dollars, and secure no risks of loan term and
liquidity.
Thus, Vietnam's commercial banks only can lend in dong.
Meanwhile, enterprises and some experts contend that high interest rates
are hindering dong credit growth. In efforts to push up the dong credit
balance, commercial banks must cut down lending interest rates further.
Recently, HD Bank, a medium sized bank, has cut down loan interest rate
to the lowest level of 11.5 percent, which is applied to small and
medium enterprises that borrow its medium and long term loans.