Central bank to remove lending cap
The State Bank of Vietnam (SBV) has issued a new regulation to remove the lending cap of 80 per cent imposed banks as of September 1.
Under previous regulations, credit institutions, except foreign banks, were not allowed to lend exceeding 80 per cent of their total deposits.
For non-banking credit institutions, the credit cap was 85 per cent.
The central bank said the new regulation would help solve the current surplus of the Vietnam dong in the local banking system.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Agribank outlines obligation towards ESG-friendly policies (November 25, 2024 | 15:00)
- Integration of ESG criteria at SHB propels bank forward (November 25, 2024 | 14:44)
- Considerations to be made in light of US vote outcome (November 25, 2024 | 14:00)
- HDBank in triple victory at listed company awards (November 25, 2024 | 11:38)
- Malaysia's Solarvest and Finhero launch first solar financing fintech solution in Vietnam (November 22, 2024 | 19:50)
- SHB honoured at VLCAs for fourth time (November 22, 2024 | 19:08)
- Central Bank of Cuba chief visits Hanoi to work with VBSP (November 22, 2024 | 15:49)
- Credit sees steady growth towards year-end (November 21, 2024 | 17:46)
- HDBank wins three titles at Vietnam Listed Company Awards (November 21, 2024 | 10:01)
- VLCA’s corporate governance mission (November 21, 2024 | 10:00)
Mobile Version