SBV proposes to extend C-02 on loan restructuring until 31/12/24

- Extension is in-line with previous announcements by authorities and PM's directives.

- Impact: (i) positive for market sentiment; (ii) give borrowers more time to recover; and (iii) ease NPL formation

- Under our bank coverage, restructured loans/gross loans is around 1% as of Q1 2024 (except for TCB and VPB at 1.4% and 1.9%, respectively).

Powered by Froala Editor