The total credit for non‐production sector at some banks are now making up about 35‐ 44 percent of the total outstanding loans, two fold increase against the requirement. Orient Commercial Joint Stock Bank (OCB) is mulling stopping securities and property loans as a part of its loan restructure, said Trinh Van Tuan, the unlisted lender’s [...]
Local lenders have stepped up to squeeze property loans in an effort to cut nonproduction loans to 22% from 25% of total outstanding loans by June 30 this year and ensure credit growth of below 20% in 2011, the online newspaper Dau Tu reported. Ocean Joint Stock Commercial Bank (OCB) is mulling stopping securities and [...]
Vietnam took further actions to squeeze real estates, stocks loans to drive liquidity to production and curb inflation, according to a report released by the State Bank of Vietnam (SBV) March 1. In details, local lenders are required to reduce non production loans including real estate and stocks in their loan structure to at most [...]
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