Banks expected to maintain good performance in 2019
Updated : Monday, February 11, 2019 11:19 AM (GMT+0700)

A majority ofcredit institutions in the country expect an upward trend in their business in2019 after gaining good results last year, according to a State Bank of Vietnam(SBV) survey released recently.

A majority of credit institutions in the country expect an upward trend in their business
in 2019 - Photo: VNA

Under the business sentiment survey, which covered domesticand foreign commercial banks operating in the country, 86 percent of creditinstitutions said their business situation improved in 2018, and 88 percenthoped it would continue to get better this year, of which 35 percentanticipated ‘significant improvement’.

A majority of the institutions also believe the bankingsystem’s liquidity in terms of both the Vietnamese dong and foreign currencieswill remain positive in 2019.

They said the rate of non-performing loans out of theoutstanding credit balance was kept at a low level last year and tends todecline in 2019. They expect a growth rate at 13.9 percent for capitalmobilisation and a credit growth rate at 15.27 percent by the end of this year,with faster growth in mobilised capital and credit in the Vietnamese dong.

The institutions added the business environment for them hasbeen strongly improved since last year and more improvement was expected forthis year.

About 80.7 percent of them predict the demand for bankingservices will increase, and clients will have the biggest demand for gettingloans, making deposits and using payment services.

While 63.5 percent forecast overall risks of all clientgroups will remain stable in 2019, 15.3 percent said the risks are likely todecrease, the survey shows.

With optimism about growth prospects for 2019, banks alsoforecast the industry’s labour market to see positive changes in the comingmonths, of which some 76.74 percent of them plan to recruit more this year and18.61 percent to keep the workforce unchanged.

Source: VNA

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