Price
of loans is becoming cheaper compared with 2011, which was confirmed by
commercial banks who said that the trend of reducing lending interest rates is
possible within this year.
Common lending rate levels can be classified
according to modes of banks. State commercial banks offer the lowest lending
rate; particularly Vietcombank is applying 17% per annum (p.a). Meanwhile, at
big joint stock banks, the loan rate ranges between 18% and 21% per year
depending on financial status, operation scope of enterprises. Small banks
provide loans at common 19-23% p.a.
From the end of 2011, Bank for Investment and Development
of Vietnam (BIDV) announced to apply the lending rate for exporters, SMEs, and
agricultural field at the maximum level of 15.5% p.a.
ANZ Bank also offered a funding package of
$160 million (equalling to 3.376 trillion dong) for SMEs mainly operating in
agricultural production, apparel, seafood, key sectors of the economy. The
applied lending rate was 1-2 percentage points lower than common level.
Director of a VIB branch in HCM City said that
the lowest loan rate which his bank is applying is around 18% pa, highest at
21% pa. The loan rate fell over 1 percentage point compared with the period
before Tet holiday. Currently, the bank prioritizes to lend business production
firms with strong finance to minimize risks.
He expected, the lending interest rate will
continue easing from the second quarter thanks to the money pumping of the SBV
through few recent months while savings of people have signalled to surge
again. “If the SBV is determined with their timetable of merging ailing banks,
loan rates may further drop”, he added.
Meanwhile, Mr Tran Anh Tuan, General Director
of Nam A Commercial JS Bank was quoted as saying that his bank’s current
lending rate was around 19% p.a for normal loans. For few prospective customers
who have effective operation, the loan rate is 16.5-17% p.a only but the amount
remains small because of limitation of its capital structure. The trend of
reducing loan rates, according to him, is evitable but cannot be implemented
soon.
With the credit growth limit of 15-17% for
2012, NamABank will use around 20% of total for lending exporters, support
industries, SMEs. Also, the loan quota of NamABank for one enterprise is only
10 billion dong to avoid potential risks.
Vice President of the National Finance
Supervision Committee, Mr Le Xuan Nghia told Saigon Economic Times Online that
further reduction in interest rates is possible in 2012 but the more important
issue is to deal with liquidity of small sized banks.
VietBiz24
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