1:59:13 PM | 11/11/2005
Total outstanding loans of all commercial banks in Hanoi reached VND103 trillion (US$6.5 billion) by the end of October, an increase of 17 per cent from the beginning of this year, according to the Hanoi branch of State Bank of Vietnam (SBV Hanoi).
Of the total, lending in Vietnamese dong accounted for 41.8 per cent, standing at VND43 trillion (US$2.72 billion).
Short-term loans were equivalent to 55 per cent of total loans, reaching VND56.64 trillion (US$3.58 billion). It rose by 22.5 per cent in the period, doubling the growth of long-term loans, which was reported at 10.7 per cent.
In the first ten months, lending of Hanoi-based banks reached 56 per cent of total mobilization capital.
Commercial banks in the city mobilized VND186 trillion (US$11.8 billion) by the beginning of November, up 15.7 per cent from the early year, of which VND120.17 trillion (US$7.6 billion) came from deposits in Vietnamese dong and VND66.2 trillion (US$4.2 billion).
According to experts, the mobilization increased strongly because many credit institutions have taken lots of measures to attract customers, such as raising savings interest rates, launching big promotion programs, and carrying out transactions outside working hours.
Vietnam & World Economy, VNA
Vietnamese
