Credit growth until May 20 reached 7.66%, double the same period in 2021
Information at the Industry-wide online conference to implement the 2% interest rate support program taking place this morning (May 27), Standing Deputy Governor of the State Bank Dao Minh Tu said, as of May 20, 2022 credit usage reached over 11 million billion dong, up 7.66% compared to the end of 2021 and double the same period last year; credit structure focusing on production and business fields, priority fields according to the guidelines of the Government, the Prime Minister and sectors and fields under the program of socio-economic recovery and development; Credit for potential risk sectors is still strictly controlled.
As a result, it has contributed to strongly activating economic activities, creating momentum for the recovery of macro indicators, thereby helping the economy gradually recover and grow.
According to Mr. Tu, right from the beginning of 2022, the SBV has directed and oriented credit to focus on production and business fields, priority areas, and strictly control credit for potentially risky areas. . As a result, credit growth was uniform in many areas. Especially the segments with many difficulties (tourism, hotel,…) also recorded strong growth of over 8%, higher than the general growth rate; credit to industry and supporting industries grew by 7.6%.
The Deputy Governor said that in the past time, in the context of the Covid-19 epidemic having negative impacts on many industries and fields, the banking industry has actively implemented many solutions on currency, credit, interest rates, payment. accounting, as well as policies on debt rescheduling, exemption and reduction of interest and fees, maintaining the same debt group, etc. over the past two years with our own resources in order to remove difficulties for people and businesses. , economy.
According to the results of exploitation in the centralized reporting system of the State Bank, by the end of April 2022, accumulated value of structured debt since the issuance of Circular 01/2020/TT-NHNN was more than VND 695 trillion for over 1.1 million customers. The outstanding balance of the debt group remains unchanged at more than 198 trillion VND of nearly 680 thousand customers; The accumulated value of debt that has been exempted, reduced interest and fees, and kept the same debt group is nearly 91 trillion VND for nearly 490 thousand customers. Interest-free and reduced-interest loans remain at the current debt group of nearly VND18 trillion from more than 166 thousand customers.
Rarely high credit growth
In 2022, many analysts estimate credit growth will be higher when the economy begins to recover. Therefore, banks will also be granted more credit room to facilitate loan expansion and customer support. In which, banks participating in restructuring weak credit institutions will have the opportunity to grow at a very high level.
According to BIDV Securities (BSC), credit growth in the first quarter of 2022 reached 5.04% High credit growth in the first quarter continued to be supported by the recovery of production and high capital demand after the epidemic. sick. On that basis, the analysis team believes that the credit growth target in 2022 at 14.0% is completely feasible and can be in the range of 14%-16%.
”In the first quarter of 2022, many banks have lent out their credit limit granted at the beginning of the year and are expected to be granted more room in the second quarter of 2022. In addition, we believe that, thanks to the new policies of the government, credit flows will be spread across production and business lines, thereby helping to grow the market sustainably in the future. BSC said.
In the recently released banking industry report, SSI Research said it had recorded an unprecedentedly high credit growth rate at state-owned banks (+6.4 percent compared to the beginning of the year), with the motivation are short-term loans. VietinBank nearly reached the initial credit limit at the end of March (+9% compared to the beginning of the year) with the acceleration of disbursement to SMEs. Meanwhile, private banks with high credit growth (except HDBank) have corporate bond balances that continue to expand.
According to SSI Research, since most banks have almost reached the credit limit initially granted by the State Bank by the end of the first quarter of 2022, Vietcombank and MB may have some advantages in terms of credit growth compared to other banks. another in the next few months.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
