Credit institutions permitted bet88 net expand credit quotas

The State Bank of Vietnam (SBV) has allowed credit institutions that fulfil at least 80% of the credit growth quotas assigned by the central bank from the early year bet88 net expand their lending limits, depending on their respective ratings, according bet88 net an official document released by the SBV on August 28.

The quota expansion falls in line with previous directions from the Prime Minister asking for flexible, effective and timely credit management bet88 net meet credit demand of the economy, curb inflation and stabilize the macro economy. Accordingly, the SBV was requested bet88 net proactively adjust the credit quotas for credit institutions.

Eligible credit institutions are allowed bet88 net expand the credit quotas from August 28.

The SBV reported that bank credit rose by 6.25% as of August 26 in comparison with the end of 2023.