Improving the quality of consumer loans at Industry and Trade Bank

PREAMBLE In recent years, with the strong promotion of economic renovation, Vietnam has achieved great achievements with a high economic growth rate of over 8% per year. In the process of strong integration with the world economy, the domestic economy is making positive changes in line with the ...

Compared to deposits, the proportion of borrowed money in total capital is usually lower. However, the loan is more stable because it only has to be repaid when it is due. Moreover, the loans have pre-determined terms and sizes, so the Bank can decide on the loan volume to suit its needs. • ...

The number of consumer loans is very large, in addition to the high interest rates on credit cards, banks' profits from credit cards are quite large.  Because the prospect of profit as well as the scope of customers in the field of credit card is very large, for most developed countries today, ...

• Consumer loan demand of KHU  In a market economy, when the demand for a certain commodity increases, it is necessary to increase the supply to meet that demand. In the field of credit, the same is true. Consumers with a large demand for capital for consumption will push the bank to improve ...

Decision No. 1627/QD-NHNN dated December 31, 2001 of the Governor of the State Bank of Vietnam promulgating the Regulation on lending by credit institutions to customers. Decision No. 127/2005/QD-NHNN dated 03/02/2005 on amending and supplementing a number of articles of the Regulation on lending ...

The lending process begins when the credit officer receives the customer's application and ends when the credit contract is finalized and liquidated. The lending process is drafted by the Credit Policy and Management Department with the aim of helping the lending process to be unified, scientific, ...

In addition to the reasons from the branch, the limitations in credit card activities of the branch are also explained by the reasons belonging to the consumer loan customers themselves. *For consumer loan customers The biggest reason is the limited ability of consumers to meet loan ...

Currently, the branch's credit policy for consumer borrowers is still quite strict, it is difficult for consumers to get loans and there are many obstacles to improving the quality of credit cards. Therefore, it is necessary to adjust credit policy towards more flexibility and openness to consumer ...