Bank loans rise despite pandemic

14/10/2021 05:16 9

Bank loans rise despite pandemic

HÀ NỘI — Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said.

During a press conference held on Tuesday, Tú said as of October 7, the credit of the whole banking system increased by 7.42 per cent compared to the end of last year. The number was also higher than the 5.48 per cent growth rate in the same period in 2020.

He said based on the targets of the National Assembly and the Government on the socio-economic development plan for 2021, the SBV will continue to operate a proactive and flexible monetary policy in order to control inflation, maintain macroeconomic stability and support rapid economic recovery. — VNS

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