Hanoi: credit growth +11.7%; total deposits -1.5% yoy as of end-December, 2011

Total outstanding loans of commercial banks in Hanoi were estimated at VND569.4 trillion in December, up 1% on-month and 11.7% on-year, according to statistics from the municipal General Statistics Office.

Short-term loans rose by 1.5% from last month and 11.5% over the same period last year while medium- and long-term loans climbed by 0.2% and 11.9%.

Meanwhile, total deposits of Hanoi-based banks at end-December, 2011 are estimated at VND808.290 trillion, up 2.6% MoM and 1.7% YoY.

Particularly, saving deposits increased by 0.1% on-month, 4.5% on-year and demand deposits was up 4.8% from last month, yet down 1.5%.

Hanoi estimated to have collected a total of VND123.610 trillion for state budget in 2011, surpassing 7.1% of the full-year target and up 14.1% from last year.

The city’s total expenditure in 2011 was estimated to reach VND45.932 trillion, surpassing 5.3% of the whole-year plan and up 10.8% from 2011.

Source Sophie/ StoxPlus

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Dec 21 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry