Weak banks to miss credit growth allocation
The remaining three groups, including Group 1 (healthy banks), Group 2 (average banks), Group 3 (below average banks) will be allowed credit growth rates of 17 per cent, 15 per cent and 8 per cent, respectively.
The purpose of the instruction is to ensure the safety and effectiveness of the banking system in 2012.
After six months of implementation, the SBV will adjust the rate allocated to credit institutions to suit changes in monetary and credit situation as well as banking activities at that time.
Under the instruction, credit institutions are asked to control lending to discouraged fields at under 16 percent. These fields include securities investment and trading, real estate and consumption.
The SBV will also double the compulsory reserve rate of VND, or limit the scope of business to banks who register excessive credit growth or too much lending in non-preferred fields.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- 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)
- The promotion of ESG via banking (November 21, 2024 | 09:32)
Mobile Version