Three banks likely to achieve big credit growth

Despite the modest 0.76 percent credit growth over the six beginning months against the end of last year, many credit institutions have met the targets and even enjoyed outstanding rates.

HDBank revealed in mid July their growth rate of around 8pct after the first half of 2012. Also, Military Bank saw the percentage jumping to 11.6pct fulfilling 95pct of the year target and up 24.4pct year-on-year, which would be plausible considering its position in the group 1. Notably, this lender is seeking the central bank’s approval on credit growth of 25pct for this year so as to meet loan demand.

In the meantime, DongA Bank only obtained 4.3pct that is not that astonishing yet more encouraging than the other peers.

Since above two thirds of credit institutions have yet released mid-year performance results, many other banks are very likely to experience similar achievements.

 

Category: Finance