Eight-month credit growth reaches 10.23%

14:16 | 16/09/2015 Finance - Banking

Credit growth from early this year to August 31 increased 10.23% compared to the end of 2014, a double increase in comparison with the growth rate of the same period last year, according to Director of the State Bank of Vietnam's Credit Department, Dang Tien Dong.

Eight-month credit growth reaches 10.23%

Lending activities of credit institutions are currently seeing the fastest growth rate since 2011

Earlier on August 25, the State Bank announced that credit growth posted at 9.54%, which meant that within only a week, credit growth had risen by 0.7%. Lending activities of credit institutions are currently seeing the fastest growth rate since 2011.

At the beginning of this year, the State Bank set a target of reaching a credit growth of 13-15% for the entire year. At this fast-paced rate, many argue that it will be easy to exceed the target.

In its latest market report, the Ho Chi Minh City Securities Corporation quoted a statement made by Deputy Governor of the State Bank Nguyen Thi Hong, stating that the State Bank may raise the credit growth target this year to 17% from 15%./.

Source: NDO

Theo ven.vn