Banks run out of credit quotas Business

Banks run out of credit quotas

Many large-sized commercial banks have no scope for credit growth for the last months of the year, as they have used nearly all the quota allowed by the central bank.
Credit growth lifts bank profits Business

Credit growth lifts bank profits

High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.

Central bank seeks fresh impetus for green credit growth

The State Bank of Vietnam (SBV) issued a rule that would push up green credit and environmental risk management in the credit-granting process so it could implement the National Action Plan on Green Growth.

Experts and commercial banks said SBV's decision helped create a level playing field for green credit growth. Green banking is controlled by the same authorities as regular banking, but takes more care to assure its actions benefit the country's environment, society and natural resources.

In a recent seminar on green credit and banking, Nguyen Thi Kim Thanh, head of the SBV's Banking Strategy Institute, said the banking sector had contributed to the country's socio-economic development by playing the role of financial broker and promoting growth.