Banks are stepping up mobilizing deposits to supply capital for credit growth in year-end time...
Banks are stepping up mobilizing deposits to supply capital for credit growth in year-end time.
Credit normally rises sharply in year-end months. However, this year, credit has made good growth since the beginning of the year, and kept the rate during the year.
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| At Agribank Khanh Hoa |
According to leaders of the State Bank – Khanh Hoa Branch, economic growth of the province has improved well, which has raise the credit demand and operation of credit institutions. Credit institutions in Khanh Hoa Province has continued solving difficulties, supplying capital for production and trade by a lot of loan packages with preferential interest rates, and supplying capital with low interest rates for enterprises joining programs such as bank- enterprise linking, price stabilizing, and lending for the development of agriculture and rural areas. As a result, credit growth of the province now has exceeded the year’s target. In end October, 2015, loan outstanding balance was 39,367 billion, rising by 22% over that in the beginning of the year and by 33.6% year-on-year.
Lam Thi Anh Van, Deputy director of Agribank Khanh Hoa, shared that to ensure mobilized capital for the credit growth target, Agribank Khanh Hoa has intensified marketing to customers, mobilized savings from inhabitants, run flexible interest rates and promotional programs. Demand for capital of businesses as well as inviduals will rise sharply. To serve the Lunar New Year Festival market, the bank will implement above solutions flexibly to ensure capital and payment.
At present, Vietinbank Khanh Hoa is focusing on retail sales for corporates and individuals. According to Do Thi Bich Phuong, deputy manager of retail sales revealed that as demand for working capital is expected to rise sharply from now till Lunar New Year Festival, the bank is developing some programs with many favors in interest rates, fees, card services and gifts beside preferential programs for deposits as usual.
Not increase deposit interest rates, Vietcombank Khanh Hoa has drawn deposits by quality of services. According to Vo Thi Thu Huong, manager of retail sales, Vietcombank Khanh Hoa now has nearly reached the year’s targets (growth in deposits: 16%; growth in loans: 19%). Especially, deposits from inhabitants make up about 74% of the sum. From now to the end of the year, the bank plans to develop lending packages with preferential interest rates, especially for small and medium-sized enterprises that are hotels or food producers for the Lunar New Year Festival.
According to The State Bank – Khanh Hoa Branch, the banks have adjusted deposit interest rates to be suitable with capital demand and towards the target of credit growth. The credit is forecast to keep rising in year-end time but there will be no sudden growth.
N.D
Translated by T.T
