Credit institutions' bad debts become more transparent
25/12/2015 12:12
As of November 30, non-performing loans (NPLs) of the banking sector dipped to 2.72% compared to the set goal of 3%, according to the State Bank of Viet Nam (SBV).
The SBV reported that measures on NPLs settlement especially through the Viet Nam Asset Management Company contributed remarkably to improved credit quality and lower bad debts.
The central bank also said bad debts of credit institutions have become more transparent.
The SBV has taken a number of measures to restructure credit organizations, leading to better liquidity and lower interest rates which are conducive to the country’s economic growth./.
Source: chinhphu.vn