Cautious banks to focus on lending quality
Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality. The growth seen in 2017 was higher than the 0.33 per cent growth rate noted in the first two months of 2016, according to a report from the Ministry of Planning and Investment. Industry insiders said the rise in the first months of the year would help credit growth spread more evenly across each quarter instead of only making an impact in the last quarter, as in previous years.
