Banks complain about "selling credit" on all channels but still lack capital

ANTD.VN - Banks believe that despite great efforts to reduce interest rates and find customers, credit growth is still sluggish because customers are clustered, not expanding production and business, and have no need for capital.

Still difficult in interest rates, collateral, loan procedures

At the Conference connecting banks and enterprises in Bac Ninh province, most enterprises said that in recent times, the banking industry has accompanied and supported enterprises, reduced interest rates... However, there are still many bottlenecks that make it difficult for enterprises to access capital.

According to the representative of the Bac Ninh Province Small and Medium Enterprises Association, in 2023, the economy will be difficult, and businesses will also be difficult. However, at the beginning of the year, when businesses need capital, banks will tighten credit, not to mention, interest rates will increase slightly, causing businesses to face many difficulties.

After the conference, the working sessions between banks and businesses have started to flow smoothly, and interest rates have also been lowered, but businesses are like sick people and are finding it difficult to recover.

Currently, besides dissolved and inactive enterprises, there are also new enterprises starting up. Therefore, the representative of SMEs requested that credit institutions create conditions for start-up enterprises and newly established enterprises to access capital with the best conditions. For old and reputable enterprises, this representative hopes to be given conditions to mortgage assets formed from loan capital - this helps enterprises shorten the time to borrow capital.

The representative of Nam Thang Company said that based on the rate of return, the current interest rate makes the company unprofitable. Therefore, this company wants to reduce the interest rate to balance its finances.

In addition, this enterprise is also concerned that the year-end crop season is approaching, the need for capital is increasing, while this is the time when enterprises often have difficulty accessing credit because banks often have policies to tighten room. Therefore, the enterprise proposes that at the end of the year, room should not be limited to support enterprises, in addition, it is necessary to reform administrative procedures, increase unsecured loans, and increase guarantees.

Conference Scene

Meanwhile, the Director of Huyndai Bac Ninh Company reflected on the issue of mortgaged assets and difficult loan procedures. In particular, banks require businesses to provide tax reports and audit reports when borrowing, while SMEs cannot meet these requirements.

This enterprise also expressed its desire to continue to reduce interest rates to suit the current situation, and at the same time offer preferential interest rate support packages, implementing them correctly for the right subjects.

"Selling credit" on all channels, but customers still do not borrow

Sharing the difficulties of enterprises, representatives of commercial banks said that banks themselves are struggling with “unstable money”, wishing to push money into the economy. However, many enterprises are shrinking their production and business activities, even narrowing their business, and there is no need for loans.

Some real estate customers have to push sales to avoid paying bank interest, while not being able to sell.

“We are dealing with a lot of this. Yesterday, for example, I had to sign 11 collateral release notes, which means we lost 11 customers in one day, with a total outstanding debt of about 11 billion VND. Although we work very hard, selling credit on all channels, from commune post offices, all preferential interest rate packages, credit combos, we require employees to “post on Facebook, Zalo... The media effect is huge, everyone knows, but credit growth is not enough to compensate for the money returned to the bank” – Nguyen Viet Sang, Director of LPBank Bac Ninh said.

Mr. Sang also said that currently, bank interest rates are not high, but in many cases both businesses and banks have to "shake their heads".

“Businesses in difficulty pose risks to both banks and businesses if they borrow capital, because the businesses themselves do not have a feasible business plan, and borrowing capital will only add new debts to old debts. In many cases, both businesses and banks have to “shake their heads” to ensure that no risks occur,” said the representative of this bank.

Believing that in order to recover capital, the bank alone cannot solve the problem, BIDV representative said that there needs to be participation from all 3 parties.

Ms. Nguyen Quynh Giao - Deputy General Director of BIDV suggested that the Government and ministries need to effectively direct the implementation of economic recovery and development programs, remove difficulties and obstacles, develop the capital market, and reduce pressure on the banking system. Research measures to increase the effectiveness of credit guarantees for SMEs, in order to share risks with the banking system.

Along with that, building a market information system to help businesses expand their markets,

For businesses, BIDV leaders suggested that businesses implement measures to restructure businesses, cut down on ineffective business activities, and ensure finances to serve the core business activities of the businesses.

In addition, it is necessary to increase expansion, seek output partners and distributors to improve the ability to consume goods, minimize inventory...

Regarding the business's recommendations on financial reporting, Ms. Bui Thuy Hang, Deputy Director of the Monetary Policy Department, State Bank of Vietnam, said that businesses need to be transparent to create trust with credit institutions. "Currently, there is a situation where SMEs have many financial reports, reports sent to tax authorities show low profits and losses, but reports sent to banks show higher cash flow and profits. Therefore, in many cases, trust with credit institutions cannot be created" - Ms. Hang stated the situation.

According to Deputy Governor of the State Bank of Vietnam Pham Thanh Ha, in 2022, the banking system's credit increased by 14.18%, but in the first 8 months of this year, it only increased by 5.56% (VND 12.6 million billion). In Bac Ninh alone, credit growth reached 5.8% (higher than the overall credit growth of the whole industry), reaching about VND 154 trillion.

Explaining the reasons for the difficulty in credit growth, Mr. Nguyen Xuan Bac, Deputy Director of the Department of Credit for Economic Sectors (SBV), pointed out a number of reasons such as: Decreased demand for investment, production, business, and consumption; some customer groups have demand but do not meet the conditions for loans, especially the SME group; impact from the credit absorption capacity of the real estate group;

After a period of economic difficulty, the risk level is assessed higher, when it is difficult to prove the effectiveness of business operations (high input costs, imported raw materials, output markets, orders, revenue decrease...); credit institutions have great difficulty in lending decisions because they cannot lower credit standards to ensure system safety.

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