Real estate loans in the first 3 months accounted for 18% of total outstanding loans

03/06/2019 11:40 GMT+7 17

By the end of the first quarter of 2019, outstanding loans of real estate including business purposes and self-use purposes increased 3.29%, accounting for 18.08% of the total outstanding loans of the whole system.

According to the report submitted to the National Assembly, the State Bank (SBV) said that on the basis of the target of economic growth and inflation, the State Bank aims for annual credit growth target, flexible adjustment in accordance with developments. , actual situation.

In 2018, credit of the whole system increased 13.89% compared to the end of 2017. As of April 29, credit growth reached 4.44%. The SBV has assessed in recent years, although credit growth is lower and more tightly controlled, but economic growth continues to rise, indicating that credit is effectively allocated and available. quality.

Credit structure continues to have a positive adjustment, in which credit focuses on production and business sectors and priority areas. Credit in agriculture and rural areas accounted for the highest proportion of 25.1%, followed by sectors such as consumer credit (19.66%), real estate (including business purposes and self-use purposes) are 18.08%, small and medium enterprises (18%), ...

Although the credit for real estate (real estate) increased in the first months of the year, the State Bank also stated that credit granting for real estate business has potential risks for banks.

The legal regulations for the real estate market are still inadequate, especially the regulation of adjustment for some new types of real estate. Moreover, the real estate investment is an investment channel that expects high profitability, which leads to speculation in the market. In particular, there is still an imbalance between supply and demand in some real estate segments ...