Many banks will report losses this year

"Some banks the last few years has pushed beyond the table of bad debt accounting. If this year can not be recovered these amounts will be made up on books and some banks reported losses will increase"Dr. Nguyen Tri Hieu, 30 years specialist activities in the financial sector bank said.
 He reviews how about bank profits in 2011?
I was happy that many banks do effective, positive business results during tough economy, doing business hardships. Although the public has mixed opinions about bank profits in the context of doing business difficult.
However, some banks have announced losses of business results, especially in the field of forex trading?
The foreign exchange market is the largest market risk, banks engaged in business in this area with customer support functions to import and export transactions. By participating in the forex market with many changes, the profit and loss statement is obvious. I do not see that's what need to worry at this time. Of course, a bank enters the foreign exchange market on a large scale with many risks, you need to consider.
Some banks have announced business results are due to bad debt losses. According to him, caused by loose credit or business does not pay the debt?
Both, in addition to further a cause. Bad debt in 2011 are the implications of business many years ago, not just arising in 2011. As in previous years, the banking sector grew very hot with an average of 30-40%, with bank credit growth of 100%, this growth rate is very hot (in the U.S., the banking sector growth from 5-10% is considered good enough).
Of particular concern is that my credit growth / on the growth of GDP up 6-7 times. Economic growth of 6% growth, the banking industry more than 6-7 times that. For example, GDP growth was 6%, while credit growth up to 42%, the increase was 7 times.
Implications of overgrowth, as well as the body of a man so. A child growing too fast often leave the health implications and the banking industry is no different to the evolution of human physiology. When it grew so hot that the banking industry where accepted or admitted very large risks.
The major risk he just mentioned is what?
In banking there are 3 major risks: credit risk, market risk and business risk, particularly credit risks are huge risks in fast-growing problem. In recent years, real estate credit is probably the stage of credit created the biggest risk. Real estate credit in all the economy is always a source of lucrative mining for all banks. Before the financial crisis, banks are racing to pour credit into the real estate markets and bank credit growth were to jump right into the real estate sector because it is fast growing and very profitable, very attractive but also a crisis trap. When the crisis, property prices will fall rapidly and decline more.
Where some banks reported losses are suffering the consequences, implications of the hot growth, in which credit growth is therefore the property.
But also the idea of ​​bad debt in 2011 came from interest rates too high?
I completely agree with this opinion. Real estate credit is only one cause of bad debt. High interest rates also contributed. When interest rates over 20% / year, how many Vietnam enterprises can bear the financial burden so great? Even big business is also difficult to pay the loan "sharks" as such. From the "sharks" are very rarely used in bank lending, but at this rate I think this is usury.
In 2011 many businesses have shut down or is acquired, merged. Many businesses lose the ability to pay interest to banks, causing higher bad debts.
According to his forecast, interest rates in 2012 will be how?
It is difficult to guess as long as interest rates decrease and decrease as long as. People also expect that inflation in the last months of 2011 and continued in 2012. With the reduced expectations of inflation, interest rates will decrease. But interest rates are still very high and even the State Bank also took the view that the reduction of interest rates in the moment is very difficult. Despite the desire of businesses to lower interest rates down to lighten the cost burden.
But if you look at this aspect is seen cutting rates is very difficult. In the days before Tet, the bankers are aggressively competing to raise funds. Many banks facing liquidity verge of losing, has run the urge to run due to funding and interest rates pushed beyond the prescribed ceiling. Having pushed the banks 18%, 19% / year, even more. Although to this point, liquidity tensions have decreased, but the situation is not reduced because lower interest rates to attract deposits mobilized from the economy, many banks are offering very high interest rates.
So if interest rates to a lower level would push some banks out of the "playing field", this is contrary to the objectives of the Government is not to let any bank go bankrupt. We are standing at a crossroads, like interest rates fall, but the state of the banking sector is not allowed to do so.
Thus, in 2012 there will be many more banks reported losses?
I think this prediction is probably accurate. Some banks in recent years has pushed beyond the table of bad debt accounting. In many cases, they did not account sufficiently bad debt, more debt has been adjusted to the first half of 2012. If in 2012, they can not recover the loans will be made up on books. And now, the bank will have to account debts risk losing this capital in the books. Thus, in 2012 predicted the number of banks reporting losses increased and many banks reported, less than