HANOI, Sept 10 (Reuters): The State Bank of Vietnam (SBV) has announced that it has raised caps on credit growth for some banks this year, based on their latest operational results, market developments and proposals.
The move is designed to boost lending for some banks without encouraging excessive credit growth, and only banks that meet certain requirements on interest rates and management of bad debt will be allowed an upward adjustment to their credit growth, the SBV said. It did not name any banks.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
