NPLs in property drop significantly
Bad debts in the real estate sector have dropped significantly since 二0 一 三. - Photo kinhtedothi.vn
HÀ NỘI — The ratio of non-performing loans in the real estate sector has dropped significantly since 二0 一 三, according to the State Bank of Việt Nam’s Credit Department of Economic Sectors.
Statistics showed that real estate NPLs dropped from 七.0 五 per cent in 二0 一 三 to 四.0 六 per cent as of July 三 一.
Governor of the State Bank of Việt Nam Lê Minh Hưng at a recent hearing of the National Assembly said lending for the real estate sector accounted for 七. 一 per cent in the first 一0 months of this year, compared with 一0 per cent last year.
The central bank would continue to control credit flow into the property sector. — VNS