Mr. Tareq Muhmood
credit growth of Vietnam's banking system in the last 6 months have been 9% to reach 12% target for the whole year?
Mr. Tareq Muhmood, CEO Bank ANZ Limited (Vietnam) that should not be too uptight to figure how much growth.
In preliminary meetings the first 6 months and implemented banking duties last 6 months in 2013, given the problem much discussed is how to achieve the credit growth target of 12% this year, by first 6 months of new growth is 3%. His idea how?
2 years ago, even 12 months alone, the story still comes overheat credit growth and it is very dangerous for the economy. The slowdown in credit growth, I think no matter what. I also want to emphasize that we should not be too uptight to figure how much of the growth, but growth in credit quality like. Therefore, the banks do not necessarily run on 12% growth target and should not in any way lend.
Whenever making lending decisions should be based on the following criteria: information about solvency, repayment source of customers, credit rating of the customer, should not rely on the collateral that needs must be based on cash flow and business plans of the customers. If you just look at the collateral for the loan credit quality will not grow tall.
In this work, the State Bank of Vietnam (SBV) is moving in the right direction, because credit growth target ceiling and credit growth has been divided into groups for different banks, not all banks are also allowed to increase high credit growth, but strong banks, the ability to better manage risk will be allowed higher credit growth.
According to him, why credit growth in the first 6 months of low?
We can each cause analysis, one can also analyze the causes of the credit for that. For credit growth reaches certain percentage, then we must have supply and demand. Give the banks have capital to lend, businesses are also required for the loan or not. Currently, the department is still good DN operations, loan demand, but taken as a whole, loan demand of Vietnam enterprises is not high. Thus, credit growth is not high.
The overall judgment is so, but there are a number of banks as well as ANZ Vietnam is a foreign bank with credit growth positive in the last 6 months, in which more than 18% of ANZ. We have submitted to the State Bank would loosen up credit growth cap of 18% in 2013.
ANZ will do to achieve the goal of growth?
We will focus on serving existing customers while seeking new customers. In fact, many companies have put the needs and issues loans at ANZ and we see the prospect as export companies, manufacturing companies and manufacturing as well as in the agricultural sector, agricultural products. However, we are not rampant lending, which has put the issue of credit growth and quality assured about the quality of the loan. ANZ has been operating in Vietnam market for 20 years, we have a customer base of 3,000 companies. With a customer base so we trust will grow good credit and stable.
Lending focus on the agricultural sector can be risky if not, sir?
The agricultural sector is also very large indeed, for the entire supply chain of this industry, can start from small producers, farmers, small farm, then to the feed supply , fodder, the production of chemical companies to input for fertilizer production, the consolidation company then processed as coffee, cashew, rubber ... ANZ will not identify themselves competing with domestic banks in the network. Our strategy is focused and in-depth.
In particular, the ANZ competition, not just a product of credit loans, but we also have many financial and banking services, such as counseling, providing hedging products. Because we have a department that specializes in products / solutions for agricultural customer base and team of experienced professionals in agricultural finance in Singapore, Australia ... These professionals can advise businesses in the agricultural sector of the risk defense products. For example, a coffee exporters, they will be subject to market risk as world coffee prices can fluctuate up and down, they need financial derivatives to hedge against price risk as Therefore, we will advise and provide them with products.
He said that Vietnam's banking system will achieve 12% credit growth this year?
It is difficult to give an answer at the end of the year whether we have achieved that goal or not. However, the central bank itself to such a target has signaled positive for the banking sector and the economy in general that the central bank wants to encourage businesses, want to have a better credit growth, want to lend more. However, as I said at the beginning, but to run as indicators of the amount should not forget about the quality. If this year does not reach the target, I hope it will set the stage for next year.
SBV Governor Nguyen Van Binh Vietnam
Credit growth is now much improved, last year, all new positive in June, but since March this year had a positive growth of about 3%. Looking back at last year, credit growth reached 9% in the last 6 months. If you do like last year, we make sure all of this year reached 12% as the target set.
Bad debt settlement scheme has been approved by the Politburo and Government formally adopted. That said, the political system has to handle on the bad debt. In 2012, the banking system and attempted to solve this, total bank debt was restructured 285.000 billion, approximately 10% of outstanding loans. Without restructuring, it will become bad debts. Also in 2012, the banking system itself is handling bad debts 70,000 billion, equal to 2.5% of total loans, this figure is very large, I appreciate the sense of responsibility of the banks.
In addition, the banking system is more appropriated 68.000 billion in the first 4 months of 2013 was 7,500 billion handled by this resource. NPL old has been treated, but the new bad debts arising from loans previously in the context of macroeconomic conditions stabilize, continue to be difficult. Therefore, we must go in both directions, NPLs continued old and continued capital inflows, the new widened prevent bad debts increase.
However, the total demand, the purchasing power of the economy is still weak, requiring different support policies, particularly fiscal policy. We have proposed to the government to improve government bonds, raising the level of public investment, thereby stimulating aggregate demand, inventory just settle, settle employment, contributing to unfreeze credit growth advantage.
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