Credit in 2018 will increase by 18 - 19%
The National Financial Supervisory Commission forecasts that in 2018, credit will continue to grow steadily, at a growth rate equivalent to the last 3 years, at about 18 - 19%.
The credit structure has been adjusted, with a tendency to reduce the proportion of medium and long-term credit and increase the proportion of short-term credit. Consumer credit is expected to continue to grow strongly and is a strategic activity of many banks this year. In addition, credit quality has been improved thanks to the acceleration of bad debt handling.
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| Consumer credit will be a strategic activity of many banks in 2018. |
Deposit and lending interest rates are also forecast to be quite stable compared to 2017, with a fluctuation range of about 0.2 percentage points. Interest rates may fluctuate slightly and locally due to seasonal factors at the beginning of the year due to Lunar New Year and at the end of the year due to high credit demand, or because some banks are forced to increase long-term mobilization to ensure the ratio of short-term capital for medium- and long-term loans according to regulations...
Furthermore, there are still favorable supporting factors for reducing lending interest rates such as inflation being controlled at about 4%, pressure from exchange rates is not great...
