C.bank expands credit quota for banks to meet growing credit demands
Many banks have reached their respective credit limits in the first nine months of 2021.
Many banks have reached their respective credit limits in the first nine months of 2021.
The cut, which begins from this month to late 2021, will depend on each bank’s financial situation.
Banks in the list are classified as important pillars to the finance-banking system, and therefore subject to close credit risk monitoring and warning under the SBV’s instruction.
In the first working day after a long holiday, customers often have high demand to open or withdraw money from saving accounts.
Customers are urged to stay cautious against rampant scam and fraud activities ahead of Tet holidays.
As the government looks to push for public investment and the central bank keeps a low interest rate environment to aid economic growth, banks are expected to be the first beneficiaries from an economic rebound.
As market markers, entities have the right to participate in the issuance and repurchase of government bonds and notes via bidding.
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
The Covid-19 pandemic has changed customers’ behavior and perception regarding digital banking services.
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.