HCMC credit growth reaches 13.5% in 9 months
HCMC credit growth reaches 13.5% in 9 months
Outstanding loans of commercial banks in HCM City in the first nine months of 2017 rose 13.5 per cent against December last year to more than VND1.67 quadrillion (US$73.57 billion), the city People’s Committee report stated.
Of the total, loans in Vietnamese dong accounted for 90.4 per cent, equal to more than VND1.5 quadrillion, up 13.2 per cent against December last year. Loans in foreign currencies made up VND160 billion, up 15.4 per cent.
Non-performing loans accounted for 4 per cent of the city’s total outstanding loans, down 0.04 percentage points against December last year.
HCM City-based commercial banks during the period lent VND152.77 trillion to 37,920 customers in the Government’s five prioritised industries of agricultural production, export business, production of small and medium-d enterprises (SMEs), supporting industry and high-tech production, of which loans to SMEs made up the highest proportion of 64.4 per cent, or VND98.44 trillion.
The committee also reported that the banks mobilised VND1.94 quadrillion in the first nine months, up 9.2 per cent against December last year.
Of the total capital, deposits in dong reached over VND1.7 quadrillion, accounting for 87.9 per cent and rising 9.6 per cent against December last year.
