Analyst Pin-board Banking sector – Flattened credit growth sees short-term lending as the driver
- Credit growth was almost flat in July as well as in the first half of August. It picked up in the second half due to short-term lending. After a weak performance in July, deposit growth seemed to gain its momentum back in August.
- Credit and deposit growth were more resilient in Hanoi, contrary to the development in Ho Chi Minh City.
- Deposit growth is lagging our forecast while credit expansion is still on track. We standby until witnessing an unclouded prospect of the reopening strategy to revise our projections.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.