PM urges better credit access for local businesses
There are ongoing challenges in access to credit capital, with low credit growth of just 6.29% by October 11, 2023.
There are ongoing challenges in access to credit capital, with low credit growth of just 6.29% by October 11, 2023.
The SBV set the credit growth target at 14% this year, higher than the 2020-21 period, which was 12.17% and 13.61%, respectively.
In the last half of 2022, banks may ease loan conditions so that more customers could access credit, given the positive economic outlook and their improving financial capacity.
The banking sector stands ready to provide sufficient capital for economic development.
Many banks have reached their respective credit limits in the first nine months of 2021.