Banks inject over US$20 billion into economy in June, surpassing five-month total
The surge in credit following a period of stagnation is partly attributed to increased borrowing and corporate bond issuance in the latter half of the year.
The surge in credit following a period of stagnation is partly attributed to increased borrowing and corporate bond issuance in the latter half of the year.
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.