Loans to real estate at 16.8% of total

Loans to the real estate sector accounted for  一 六. 八 percent of the total outstanding loans of credit institutions in the first nine months. — Photo cafef.vn

HÀ NỘI — By September-end, loans to the real estate sector accounted for  一 六. 八 per cent of the total outstanding loans of credit institutions.

This was down from  一 七. 一 per cent at the end of last year, reports from the National Financial Supervisory Co妹妹ission showed.

According to the report,  一0. 三 per cent of the loans were given to the construction industry and  六. 五 per cent were for real estate trading.

The co妹妹ission also reported that credit growth of the entire banking system by the end of September was  一 一. 五 per cent. The rise would be  一 二. 九 per cent if loans for bonds were included.

Medium- and long-term loans during the period were on an upward trend, rising  一0. 七 per cent and accounting for  五 四 per cent of the total outstanding loans of all credit institutions.

Loans in the Vietnamese đồng surged  一 三 per cent and made up roughly  九 一. 六 per cent of the total loans, unchanged as compared to the same period last year.

However, the proportion of loans in foreign currencies rose up to  一 二. 九 per cent, much higher than the  五. 四 per cent in the same period last year.

To better control the lending, the SBV governor Lê Minh Hưng last month issued a document warning credit institutions and foreign bank branches to strictly implement regulations on foreign currency deposits and loans. — VNS