Credit growth not to exceed 8-10 percent (21/11)
21/11/2012 - 13 Lượt xem
In
the first half of this year, the credit growth of the whole banking
system increased by 1.51 percent from the end of 2011, with 69 credit
institutions registering negative growth and 57 others registering
positive growth.
At
the conference to sum up banking operations in the first six months of
2012, the SBV Governor asked credit institutions to assess their credit
growth during the period and adopt plans for credit growth in the
second half of the year. If they have a plan exceeding the credit
growth quota, they would have to submit their proposal to the central
bank for consideration.
So
far, 23 credit institutions have proposed that their credit growth plan
should exceed the quotas, while 29 others met their quotas and 10
credit institutions planned lower growth than their assigned quotas.
Based
on these proposals, the SBV made some changes and assigned credit
growth quotas for each credit institution to meet their actual
operations, financial health and possibilities for expansion.
Therefore, there are credit institutions that were allowed credit
growth higher than their former quotas, while others had their quotas
unchanged or lowered.
In
general, credit growth in 2012 will not exceed 15 percent and still
conforms to the target set from the beginning of this year, and if
credit institutions carry out their credit growth quota based on the
latest adjustments, they will not put any pressure on inflation.
However,
according to SBV it will be very difficult for credit institutions to
carry out their credit growth quotas, as the latest adjustments as they
depend on many other factors such as the easing of stockpiled goods,
the velocity of money flows, expansion of the consumer market and loans
provided to enterprises.
According
to SBV, if these solutions work, the credit growth of the whole banking
system in 2012 will not exceed 8-10 percent, meaning that credit growth
will exert little pressure on this year's inflation figures./.
Source: VEN
Source: VEN
