Hanoi-based banks have achieved half the year's credit growth target of 13-15 percent within the first four months of 2015.
Accordingto the Hanoi Statistics Office, the capital's credit is estimated torise 6.6 percent against December last year to 1.077 trillion VND (49.86million USD) in January-April, an estimated increase of 0.8 percentcompared with the previous month.
The high credit growth proved that the economy's capacity to absorb capital had improved significantly, the office noted.
Industryinsiders also said that the growth was a good signal since the countryhad always seen negative credit growth in the first months of previousyears.
However, they called it a reasonable outcome since the entire economy had seen a significant recovery recently.
DinhDuc Quang, Deputy Director of Ocean Commercial Bank, told Dau tu chungkhoan (Securities Investment) magazine that the credit growth was due toreal demand for capital and was therefore sustainable. He contrastedthat with similar strong growth in the final part of the year, which wasattributable to banks looking for a way to increase lending to achievetheir targets rather than due to real demand.
Besides creditgrowth, the capital mobilisation of Hanoi-based banks is also estimatedto rise 5.5 percent from December 2014 to 1.257 trillion VND (58.19million USD).
Long-term capital mobilisation from 12 monthsonwards is estimated to account for 30.5 percent of total mobilisation.Mobilisation in Vietnamese dong is estimated to account for 80.9 percentof total mobilisation.-VNA
Accordingto the Hanoi Statistics Office, the capital's credit is estimated torise 6.6 percent against December last year to 1.077 trillion VND (49.86million USD) in January-April, an estimated increase of 0.8 percentcompared with the previous month.
The high credit growth proved that the economy's capacity to absorb capital had improved significantly, the office noted.
Industryinsiders also said that the growth was a good signal since the countryhad always seen negative credit growth in the first months of previousyears.
However, they called it a reasonable outcome since the entire economy had seen a significant recovery recently.
DinhDuc Quang, Deputy Director of Ocean Commercial Bank, told Dau tu chungkhoan (Securities Investment) magazine that the credit growth was due toreal demand for capital and was therefore sustainable. He contrastedthat with similar strong growth in the final part of the year, which wasattributable to banks looking for a way to increase lending to achievetheir targets rather than due to real demand.
Besides creditgrowth, the capital mobilisation of Hanoi-based banks is also estimatedto rise 5.5 percent from December 2014 to 1.257 trillion VND (58.19million USD).
Long-term capital mobilisation from 12 monthsonwards is estimated to account for 30.5 percent of total mobilisation.Mobilisation in Vietnamese dong is estimated to account for 80.9 percentof total mobilisation.-VNA
