HCMC credit growth reaches 13.5% in 9 months

September 27, 2017 - 19:00

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 VNĐ1.67 quadrillion (US$73.57 billion), the city People’s Committee report stated.

Credit growth of HCM City in the first nine months rose 13.5 per cent against December last year. — Photo Techcombank

Viet Nam News

HÀ NỘI — 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 VNĐ1.67 quadrillion (US$73.57 billion), the city People’s Committee report stated.

Of the total, loans in Vietnamese đồng accounted for 90.4 per cent, equal to more than VNĐ1.5 quadrillion, up 13.2 per cent against December last year. Loans in foreign currencies made up VNĐ160 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 VNĐ152.77 trillion to 37,920 customers in the Government’s five prioritised industries of agricultural production, export business, production of small and medium-sized enterprises (SMEs), supporting industry and high-tech production, of which loans to SMEs made up the highest proportion of 64.4 per cent, or VNĐ98.44 trillion.

The committee also reported that the banks mobilised VNĐ1.94 quadrillion in the first nine months, up 9.2 per cent against December last year.

Of the total capital, deposits in đồng reached over VNĐ1.7 quadrillion, accounting for 87.9 per cent and rising 9.6 per cent against December last year. — VNS

Tags credit growth HCMC banks

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