Central Bank to inspect lending to stock, real estate projects

Created 10 August 2018
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The central bank has said it will inspect banks with large lending portfolios in real estate and stock markets.

Central Bank to inspect lending to stock, real estate projects

 

Banks need to control loans in risky areas like real estate, stock market and build-operate-transfer (BOT) transportation projects, SBV Governor Le Minh Hung said in a new statement.

He said lenders that don’t follow the credit growth target SBV has set, don’t classify debt and don’t set aside risk provisions according to the law will be punished.

Lenders with high credit growth in the above categories will be subject to unannounced inspections, he said. Central Bank to inspect lending to stock, real estate projects

 

Source: VNE

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