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Marco Update - NPLs in financial leasing companies reached nearly 50% or at some VND 7000 billion

The National Financial Supervisory Commission released today that financial leasing companies’ bad debts accounted for 45.38% of their total outstanding loans. According to our calculation, the absolute amount of bad debt is about VND7,000 billion (USD330 million) compared with NPLs of VND85,300 billion (USD 4 billion) within the banking system. Further, we noted that the finance leasing companies’ bad debt has already been included in the total amount of NPLs within the banking system. The bi