{"id":15991,"date":"2022-09-20T07:52:11","date_gmt":"2022-09-20T00:52:11","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=15991"},"modified":"2022-09-20T07:52:11","modified_gmt":"2022-09-20T00:52:11","slug":"banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/","title":{"rendered":"Banking Sector_How new credit growth limit afftect banks_Sep 2022"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Impact on the economy and the banking system:<\/span><\/p>\n<ul>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Debottlenecking the credit to production and economic activities (SBV\u2019s guidance focuses on funding to manufacturing and consuming areas).<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">A modest impact on the real estate sector due to a strict requirement on Short-term funding to Medium and long-term loans. Besides, public housing gets benefits from the above decision since it is one of the focusing sectors according to SBV\u2019s guidance and also in the sectors list to be supported following the 2% interest rate support package.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Positive impact on banks\u2019 profit growth, but not too large given a moderate expanding limit. The banks that benefit the most are STB, HDB, MBB, TCB, VCB, VIB.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Higher pressure on interbank and deposit rate (in the short-term). The main concern is deposit rate hikes on Banks\u2019 NIM.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Can expect one more credit expansion decision from SBV given the total credit growth impact in the system estimated at around 2%. There is 2% remaining room for the 14% growth target for the full year.<\/span><\/li>\n<li style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">Given the above factors, we <strong>maintain<\/strong> the \u201c<strong>Neutral\u201d<\/strong> recommendation for Banking Sector.<\/span><\/li>\n<\/ul>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-15991","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA\" \/>\n<meta property=\"og:description\" content=\"Impact on the economy and the banking system: Debottlenecking the credit to production and economic activities (SBV\u2019s guidance focuses on funding to manufacturing and consuming areas). A modest impact on the real estate sector due to a strict requirement on Short-term funding to Medium and long-term loans. Besides, public housing gets benefits from the above [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/\",\"name\":\"Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2022-09-20T00:52:11+00:00\",\"dateModified\":\"2022-09-20T00:52:11+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banking Sector_How new credit growth limit afftect banks_Sep 2022\"}]}]}<\/script>","yoast_head_json":{"title":"Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/","og_locale":"en_US","og_type":"article","og_title":"Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA","og_description":"Impact on the economy and the banking system: Debottlenecking the credit to production and economic activities (SBV\u2019s guidance focuses on funding to manufacturing and consuming areas). A modest impact on the real estate sector due to a strict requirement on Short-term funding to Medium and long-term loans. Besides, public housing gets benefits from the above [&hellip;]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/","og_site_name":"GTJA","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/gtjai.com.vn\/#website","url":"https:\/\/gtjai.com.vn\/","name":"GTJA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtjai.com.vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/","name":"Banking Sector_How new credit growth limit afftect banks_Sep 2022 - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2022-09-20T00:52:11+00:00","dateModified":"2022-09-20T00:52:11+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/banking-sector_how-new-credit-growth-limit-afftect-banks_sep-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"Banking Sector_How new credit growth limit afftect banks_Sep 2022"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/15991\/"}],"collection":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/"}],"about":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/types\/research\/"}],"author":[{"embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/users\/12\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=15991"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=15991"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=15991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}