The big boss of the bank pointed out 3 potential economic sectors in the coming time
According to Mr. Nguyen Dinh Tung, General Director bank OCB, in general, the post-pandemic economy is still difficult, especially in small and medium enterprises. In fact, in Q1, retail lending at OCB increased, but lending to corporate customers decreased.
The decline in corporate credit mainly came from the bank’s gradual neutralization towards real estate loans and the development of retail lending.
Although the economy is still facing many difficulties, it is observed that there are still some industries with potential for development.
“For example, the business industry iron and Steel still have good growth; the textile and garment industry started to recover; The seafood industry is still growing well,” said Mr. Tung.
Some of OCB’s customers have also started working again. It is not easy for businesses to get up after difficulties and the common ground is still very difficult. However, with the current domestic situation, it is expected that the economy will recover soon.
Even in the first quarter, the market also witnessed a very strong investment in industrial parks. The current industrial parks have very high occupancy rates. The growth of FDI enterprises will also promote satellite businesses to support the supply chain. From there, production activities and economic recovery will also soon resume.
Sharing more about OCB’s activities, Mr. Tung said that by the end of 2021, loans for real estate business and housing purchase accounted for about 32% of the bank’s outstanding loans. In which, 72% are loans to buy houses, only 9% loans to real estate projects.
This year, OCB will sharply reduce real estate lending and bring it to less than 8% of outstanding loans, the rest will be allocated to other industries. At the same time, the bank will also reduce lending to large customers, aiming to diversify the customer base.
Currently, the bank is also implementing the Dreamhome project, each month recording an increase of nearly 1,000 billion in outstanding loans. In the next 3 months, the bank plans to launch a credit card product combined with a mobile app and combine unprecedented service experiences in the market.
The General Director of OCB also updated the business situation in the first quarter with total bank assets increasing by 2%, outstanding loans increasing by 6%. Profit before tax reached 1,115 billion. However, due to the need to make provision according to Circular 11, the bank’s profit decreased by 276 billion dong, to 839 billion dong.
at Blogtuan.info – Source: Soha.vn – Read the original article here
