Non-production loans of Hanoi-based banks were estimated at 99.950 trillion dong in Jan-Jun, making up 18.68 percent of total outstanding loans compared to the non-production loan target of below 22 percent total loans, said the municipal People’s Committee.
Specifically, securities loans of Hanoi-based banks were estimated at only 4.99 trillion dong or 0.9 percent total outstanding loans; property loans were 4.99 trillion dong, making up 6.9 percent of total loans; and consumption loans were 38.32 trillion dong, contributing 10.2 percent of total loans.
Regarding to production loans, local banks in the city spent 28.847 trillion dong for rural and agricultural loans, or 5.2 percent of total outstanding loans; and 3.381 trillion dong for borrowers under social policies or 0.62 percent of total loans, the report read.
Total outstanding loans of local banks in the city were estimated at 555.283 trillion dong in the first six months of the year, up 0.94 percent from May, 8.89 percent from the end of 2010 and 27.7 percent on year; of which bad debts were 2.01 percent.
In terms of loan structure, dong loans only edged up 5.2 percent, while dollar loans surged up to 17.25 percent; short-term outstanding loans rose 6.47 percent,medium and long-term loans soared 17.25 percent from the end of 2010; and 68.1 percent of deposits were used for loans in which those for dong and dollars were 66.4 percent and 71.8 percent.
The municipal People’s Committee affirmed that local banks all capped dong deposit interest rates (including promotions) at 14 percent p.a. and there was little difference in deposit interest rates between state-owned and commercial banks.