The Asian Banker
中文
LoginSubscribe

Vietnamese commercial banks’ retail credit growth gathering pace
The country’s year-to-date loan growth of 5.02% can be attributed to smaller commercial banks pushing on consumption loans.

Aug 13, 2013 | Bertrand Pigeon

According to a recent report published by Vietcombank Securities, the lending landscape in Vietnam is starting to change; customers are migrating from state-owned banks to commercial banks, in terms of their retail credit preference. State-backed financial institutions have fallen short of their 2013 mid-year targets, largely attributable to poor domestic asset quality. According to State Bank of Vietnam (SBV), the country’s non-performing loans accounted for 6% of total outstanding loans of $130 million; Vietnam has the highest level of bad debts in the Southeast Asia region because…

Please login to read the complete article. If you already have an account, you can login now or subscribe/register.

Categories: Auto-financing, Mobile Banking, Mortgage, Retail Banking, Vietnam
Keywords: SBV, Agribank, BIDV, Vietcombank, Vietinbank, Eximbank Vietnam, Sacombank, Techcombank
Add a new comment:




Allowed tags: <b><i><br>



Comments (0)



Show Less
About us | Jobs and Internships with us | Contact us | Advertise with Us | | Privacy Policy | Copyrights Requests | Legal Notice | Feedback
RSS FeedRSS Feed | Follow us on Linkedin Twitter Facebook
Copyright 2014, The Asian Banker. All Rights Reserved .