Business

Vietnam c.bank lifts cap on credit growth for some banks

Wednesday, September 07, 2022, 11:19 GMT+7

Vietnam c.bank lifts cap on credit growth for some banks — The State Bank of Vietnam (SBV) said on Tuesday it had adjusted a limit on credit growth for 2022 for some banks, based on their latest operational results, market developments and proposals. Photo: Reuters

The State Bank of Vietnam (SBV) said on Tuesday it had adjusted a limit on credit growth for 2022 for some banks, based on their latest operational results, market developments and proposals.

The central bank has notified those banks, it said in a statement, but did not say which ones.

It said credit growth was at 9.91% against end-2021 and the SBV is targeting 14% credit growth for 2022.

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