3:39:46 PM | 20/1/2009
The State Bank of Vietnam, the country's central bank, has said in a statement on its website that banks based in Vietnam's capital city of Hanoi mobilized VND428.092 trillion (US$25.33 billion) by 2008-end, up 10.6 per cent on year and reported total outstanding loans of VND248.678 trillion (US$14.714 billion), representing on year rise of 22 per cent.
The banks reported rising non-performing loans at 2.78 per cent of outstanding loans by the end of November last year, compared with 1.7 per cent in 2007, due to bad impacts of economic slowdown, the SBV said.
Profit by the banks from credits activities accounted for 84.5 per cent of their incomes last year.
The total money supply via Hanoi-based banks and credit institutions reached VND808.5 trillion, up 24 per cent and money demand hit VND803.4 trillion, rising 22 per cent from a year ago, the central bank said.
Forex transactions by the banks were valued at US$86 billion last year, up 4.8 per cent on year, overseas remittances hit US$1.18 billion, down 38.5 per cent on year, the central bank noted.
This year, they have set a target of deposits growth of 13 per cent to 15 per cent, outstanding loans growth of 22 per cent-23 per cent, bad debts capped at below 3 per cent and non-credit profit to be up to 17 per cent-19 per cent, the SBV said. (SBV)
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