Banking Sector - Strong credit growth at the end of 2023 and credit growth target for 2024
- Credit growth of the whole banking sector was recorded to be strong in the last quarter of 2023. Specifically, credit growth of the whole sector was reported by the representative of the SBV to reach 13.7%, while in Q4 it grew by 6.3% QoQ and the growth rate of November and December recorded outstandingly higher than the previous months, reaching 1.83% MoM and 4.17% MoM respectively.
- SBV set the credit growth target for 2024 at 15%, and allocated the credit quota for the year to credit institutions. By allocating and directing the allocation clearly announced by the State Bank at the beginning of the year, we believe that credit institutions will have better proactivity in business planning and credit disbursement regulation in 2024, avoiding concentration at certain times during the year.
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.