Friday, 14/01/2011 13:51

Ha Noi banks target 27% rise in capital

In 2011, Ha Noi's banking sector targets to increase total capital mobilisation by 25-27 per cent compared to the previous year's figures and boost total outstanding loans by 23-25 per cent to contribute to the capital's economic development.

Hoang Manh Hien, Vice Chairman of the Ha Noi People's Committee, said Ha Noi targeted a 12-per-cent GDP (Gross Domestic Products) growth this year and to complete such a high target needed support from all ministries and especially the banking sector.

As of December 31, total mobilisation of Ha Noi-based credit institutions surpassed VND767.68 trillion (US$36.55 billion), a year-on-year increase of 31.1 per cent, which exceeded the annual target with a 28-30 per cent increase.

Deposits in dong (VND) were up by 38.6 per cent and US dollar (USD) deposits increased 12.5 per cent.

Last year, there were VND494.77 trillion in total outstanding loans, a 31.2 per cent increase over the same period in 2009. The amount exceeded the 2010 target of 25-27 per cent growth. Dong loans rose by 25.1 per cent and foreign currency loans increased by 46.7 per cent.

Hien said he appreciated the contributions that local banks made to Ha Noi's economic achievements last year, particularly with the capital's 11-per-cent growth in GDP.

"Providing sufficient capital to the economy and professional activities, along with the social programmes instituted by banks, have helped to develop a solid economic structure for the capital, creating momentum for rapid and strong growth in the following years," said Hien.

He stressed the important support provided by local banks that helped to create a sound and sustainable economic infrastructure, especially by boosting lending to rural areas, exporters and medium and small enterprises.

Since last November when interest rates tended to rise abnormally, the central bank's Ha Noi branch and bankers' association jointly called for consensus from 12 commercial banks in the area to limit interest rate hikes, which would help to stabilise the currency market.

Last year, commercial banks in the locality also focused on developing new and modern banking services. To date, 3,248 state-owned units in Ha Noi opened 158,048 bank accounts for employees.

On the occasion of the 1,000th birthday of Thang Long-Ha Noi, local banks invested in 1,994 ATMs (Automatic Teller Machine) and 11,000 POS (Point of Sale) machines as part of the first pilot project that is working to connect POS systems in the city.

Director of the State Bank of Viet Nam's Ha Noi branch Nguyen Thi Mai Suong said the local banking sector this year would continue to adhere to the Government's guidelines and the central bank's instructions.

She said total mobilisation in the locality this year is expected to rise by 25-27 per cent compared to last year's figures, total outstanding loans would increase by 23-25 per cent, and the ratio of non-performing loans to total outstanding debt should be less than 3 per cent.

vietnamnews

Other News

>   Where to invest in 2011? (14/01/2011)

>   Bulk of foreign currency supply to stabilize forex in 2011 (13/01/2011)

>   Q1 deposit, lending rates likely to stay up (13/01/2011)

>   Finance group proposes SOE restructure (13/01/2011)

>   Tax collections expected to double (13/01/2011)

>   Weekly information on banking activities (Jan 1 – 7, 2011) (13/01/2011)

>   SBV receives five important tasks from the government (13/01/2011)

>   Experts believe Vietnam will continue tightly controlling credit in 2011 (13/01/2011)

>   Banks rushing to raise dollar deposit interest rates (13/01/2011)

>   PVS: PetroVietnam Finance Corp. sold 49,400 shares (12/01/2011)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version