Home Finance

Housing support package lifts loans

Oct 12th at 14:49
12-10-2013 14:49:33+07:00

Housing support package lifts loans

By September 30, commercial banks registered to provide VND203 billion (US$9.67 million) in housing loans to about 620 individual customers as part of the Government's VND30 trillion ($1.43 billion) property assistance package.

The committed value nearly doubled that at the end of August. The State Bank of Viet Nam reported on Thursday that Vietinbank registered VND53 billion, Vietcombank VND79.4 billion, BIDV VND50.1 billion, Agribank VND12.8 billion and Mekong Housing Bank VND7.8 billion.

The banks disbursed a combined value of about VND142.46 billion ($6.78 million), also twice as much as August's figure.

Within the support programme, BIDV registered a loan value of VND658 billion ($31.3 million) and Agribank committed VND90 billion ($4.28 million) for businesses buying or renting houses. They disbursed VND54.8 billion ($2.6 million) in total.

vietnamnews

MOST READ

NEWS SAME CATEGORY

VAMC begins bulk buys of bank debts
FINANCE Oct 12th at 14:48

VAMC begins bulk buys of bank debts

Viet Nam Asset Management Company (VAMC) yesterday purchased more than VND1 trillion (US$47 million) of Saigon Commercial Bank (SCB)'s bad debts using its bonds.

State budget facing shortfall as tax collection lags behind target
FINANCE Oct 12th at 14:47

State budget facing shortfall as tax collection lags behind target

State budget collection in the first nine months of the year met only 66.6 per cent of the annual target.

SBV wants banks to settle gold loans
FINANCE Oct 11th at 13:31

SBV wants banks to settle gold loans

The State Bank of Viet Nam has told commercial banks to settle outstanding gold loans early in a push to wipe the slate clean by the end of this year.

Bank rate review
FINANCE Oct 10th at 13:41

Bank rate review

As bank credit is showing signs of falling, many banks are trying to lure depositors with higher than regulated interest rates.

Vietsovpetro may escape back tax threat
FINANCE Oct 10th at 13:40

Vietsovpetro may escape back tax threat

The Vietnam-Russia petroleum exploration and production joint venture Vietsovpetro may not be required to pay back taxes on machinery and equipment imports between...

Lenders still optimistic for fourth quarter
FINANCE Oct 10th at 13:32

Lenders still optimistic for fourth quarter

Credit institutions were expecting brighter business prospects in the fourth quarter, the State Bank of Viet Nam (SBV) announced on Tuesday.

VN needs to tackle bad debt
FINANCE Oct 10th at 13:27

VN needs to tackle bad debt

The task to reduce non-performing loans (NPLs) and increase charter capital as well as complete basic ownership structure of weak credit institutions would be given...

Commercial banks queue up to sell bad debts
FINANCE Oct 9th at 13:58

Commercial banks queue up to sell bad debts

The offers to sell bad debts are coming in thick and fast after the Vietnam Asset Management Company (VAMC) started up and made the first deal with Agribank.

VMAC buys $114 million of Agribank’s bad debts
FINANCE Oct 9th at 13:55

VMAC buys $114 million of Agribank’s bad debts

After Agribank’s successful agreement to sell bad debts to the Vietnam Asset Management Company (VAMC), banks nationwide are anxious to do the same.

Interest arroused over Eximbank, Sacombank new merger rumours
FINANCE Oct 9th at 13:40

Interest arroused over Eximbank, Sacombank new merger rumours

Investors are again questioning whether Eximbank (EIB) will merge with Sacombank (STB) after a large number of shares were traded through negotiation methods and...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top