151tr dong bank credit for real estate
151tr dong bank credit for real estate
Quarter 1 has seen further bank credit heading for property sector despite continuously deceasing outstanding loans in other industries.
Outstanding loans to real estate trading have edged up 4.83pct over the end of 2011 to 151,678 billion dong whereas those to construction plunged 1.47pct to 233,889 billion dong, according to the State Bank of Vietnam (SBV).
The figure for agricultural and rural development as of April gained 231,158 billion dong, down 0.54pct over the end of last year.
Total outstanding credit to the economy in April is estimated at 2.617 million billion dong, a decline of 0.59pct against 31 December 2011. Several manufacturing sectors concerned with fuel, electricity, mineral exploitation and garbage have seen year-on-year increasing outstanding loans.
Freight-forwarding and warehousing, wholesale and retailing and auto motor repair as of the end of April have suffered the negative growth rate of 0.41pct-1.83pct. Healthcare and education, meanwhile, have enjoyed the most remarkable credit growth rate of 11.7pct and 10.15pct respectively.
The central bank reported total payment instruments as of April gained more than 3 million billion dong, up 3.14pct over late last year, of which residential deposits climbed 11.78pct to nearly 1.5 million billion dong, those of economic entities dip 5.6pct to 1 million billion dong.
For the first time, the central bank published commercial banks’ fundamental operational criteria. Total assets of state-run commercial banks including Vietcombank and Vietinbank and joint stock banks as of 30 April both experienced negative growth of 1.74pct and 2.3pct respectively against last year end. The two groups witnessed return on assets (ROA) and return on equity (ROE) for quarter 1 2012 standing at 0.43pct and 0.23pct; 4.87pct and 2.51pct respectively.
The central bank has kept their commitments on information release as in their documents issued in September last year. What are noteworthy are important criteria such as interest rates, interbank bids, open market operations, treasury bills, ratio of cash in circulation to total payment instruments, pace of charter capital raising, ROA, ROE and the like are made public.
Information on interest rates, interbank transactions and the like has also been disclosed since April. Almost all above information have been publicised on their official website since 21 June. However, some others such as bad debt ratios and balance of international payments have yet been known.
VnExpress
