Khanh Hoa Province has reached a credit growth of 12.34% in 2013, higher than the target of 12% set in the beginning of the year and far higher than the 9.5% figure of the whole country...
Khanh Hoa Province has reached a credit growth of 12.34% in 2013, higher than the target of 12% set in the beginning of the year and far higher than the 9.5% figure of the whole country. The province’s total credit is estimated to be VND24,735 billion, 82.8% of which is for production and trade.
In comparison with the beginning of the year, VND interest rates have decreased sharply, by 2 – 3% to deposits and 3 – 5% to loans.
The province also has ensured payment, kept foreign exchange stable, met foreign currencies’ demand and expanded banking services. Operation of credit institutions in the year has been considered safe and healthy.
In 2013, the province’s banking targets at a credit growth of 12 – 14% and a bad debt rate under 5%.
T.T
