Banks expect an upward trend in their business in the remaining months of the year.(Source: VNA)
Hanoi (VNA) – Up to 75 percent ofcredit institutions expected better results in the second quarter of this year,while 84 percent hoped their business performance throughout 2018 to improvefurther compared to 2017, of this, 28 percent anticipated “significantimprovement”.
They expressed their hope after makingimprovements in the first quarter, according to a March survey released by theState Bank of Vietnam on April 4.
The survey covered domestic and foreigncommercial banks in the country.
Up to 72.4 percent of the respondents predictedtheir pre-tax profit in 2018 to rise compared to 2017, helping the averagegrowth rate of the entire banking system to reach 18.2 percent, lower than the19.3 percent forecast in the previous survey conducted in the first quarter ofthis year.
The survey also showed that 64 percent and 69percent of the respondents expected customer demands for banking services,especially lending, in the second quarter and the entire year, respectively, toincrease compared to 2017.
Banks expected the banking system’s creditgrowth to reach 4.85 percent in the second quarter and 16.3 percent in theentire year.
The respondents also anticipated capital mobilisation of the entire bankingsystem this year to reach 16.65 percent, of which the increase in secondquarter was anticipated at 4.71 percent.
Banks also said the liquidity of the banking system in both Vietnamese Dong andforeign currencies was currently “good” and that the positive status wouldcontinue for the rest of the year.-VNA
They expressed their hope after makingimprovements in the first quarter, according to a March survey released by theState Bank of Vietnam on April 4.
The survey covered domestic and foreigncommercial banks in the country.
Up to 72.4 percent of the respondents predictedtheir pre-tax profit in 2018 to rise compared to 2017, helping the averagegrowth rate of the entire banking system to reach 18.2 percent, lower than the19.3 percent forecast in the previous survey conducted in the first quarter ofthis year.
The survey also showed that 64 percent and 69percent of the respondents expected customer demands for banking services,especially lending, in the second quarter and the entire year, respectively, toincrease compared to 2017.
Banks expected the banking system’s creditgrowth to reach 4.85 percent in the second quarter and 16.3 percent in theentire year.
The respondents also anticipated capital mobilisation of the entire bankingsystem this year to reach 16.65 percent, of which the increase in secondquarter was anticipated at 4.71 percent.
Banks also said the liquidity of the banking system in both Vietnamese Dong andforeign currencies was currently “good” and that the positive status wouldcontinue for the rest of the year.-VNA
VNA
