Private banks offer ideas to increase credit, HDBank wants a 20,000 billion VND package for consumption

Mr. Kim Byoungho, Chairman of the Board of Directors of HDBank , spoke at the conference - Photo: Nhat Bac

Mr. Kim Byoungho - Chairman of the Board of Directors of HDBank, proposed that the State Bank consider and assign more quotas to capable credit institutions.

In which, HDBank proposed to re-implement consumer credit programs to support the lives of workers in industrial parks and export processing zones similar to the VND20,000 billion package deployed in 2023.

At the same time, HDBank wishes to continue to promote the removal of difficulties and legal and procedural obstacles to expand production and business of people and enterprises. Especially supporting people and enterprises affected by natural disasters to reduce the risk of bad debt for the bank.

Along with that is promoting the restructuring of commercial banks associated with bad debt handling, creating conditions for these banks to soon complete restructuring, contributing to improving the stability of the commercial banking system.

Chairman of the International Bank (VIB ) Dang Khac Vy said that the credit growth rate only reached 6% in the first 6 months of the year, still quite far from the target of 15% for the whole year of 2024. However, there have been positive signs of increasing credit demand, so the bank has deployed many solutions to provide credit to the market.

VIB Chairman also maintained a deep discount, focusing on working capital financing and medium- and long-term financing for businesses with interest rates of 2.9% or higher. Although short-term profits are reduced, this is a step to create conditions for sustainable development for individuals, businesses and banks when production and business are restored.

Accordingly, Mr. Vy suggested that it is necessary to strongly promote solutions to boost the real estate market; continue to implement the policy of not loosening credit granting conditions to increase credit growth at all costs...

Mr. Pham Quoc Thanh, General Director of HDBank, also attended the conference.

Deputy Governor Pham Quang Dung said he has directed banks to publicly disclose interest rates on their websites. The average lending interest rate for new and old loans continues to decrease sharply, by August 2024 it will decrease by more than 1%/year compared to the end of 2023.

Of which, the lending interest rate of the private banking sector decreased by about 0.96%, currently at 9.17%, higher than the whole system and the group of state-owned commercial banks. Credit growth of the private banking sector increased by 8.48%, accounting for 45% of the market share, the highest increase in the whole system.

Credit growth for all sectors has improved compared to the same period in 2023, the credit structure is in line with the economic restructuring orientation. The after-tax profit of the private banking sector is about 44,000 billion VND (excluding the two specially controlled banks, Dong A Bank and SCB), reaching about 77,000 billion VND, an increase of nearly 20% over the same period.

Mr. Dung affirmed to continue to operate monetary policy proactively, flexibly, promptly, effectively, and in synchronous and harmonious coordination with fiscal policy and macroeconomic policies. Operate credit proactively, flexibly, and in accordance with macroeconomic and inflation developments, creating conditions for businesses and people to access capital.

Banks proactively review and identify risks and violations, deploy early warning and prevention solutions, and handle them seriously and in accordance with regulations. Implement social housing credit programs and policies, credit programs for forestry and fisheries, restructure debt repayment terms and maintain debt groups in accordance with regulations...

Source: https://tuoitre.vn/ngan-hang-tu-nhan-hien-ke-tang-tin-dung-hdbank-muon-co-goi-20-000-ti-dong-cho-tieu-dung-20240921184834574.htm