Banks continue with solutions to support customers damaged by the Covid-19

 According to reports of State Bank of Vietnam - Binh Duong Branch, up to now, credit institutions have reviewed and made statistics on outstanding loans to promptly implement measures to support and remove difficulties for customers damaged by the epidemic.

Accordingly, total deposit by the end of July was estimated at 212,000 billion VND, up 0.95% over the previous month, and 4.31% higher than beginning of the year. Total outstanding loans were estimated at 209,000 billion VND, up 0.66% over the previous month, and 3.62% higher than beginning of the year; total bad debt was 1,037 billion VND, still within the allowed limit. As of July 16, 2020, VND 34,707 billion of outstanding loans was estimated to be affected by the Covid-19 (accounting for 16.7% of total outstanding loans). Commercial banks have restructured the repayment period and kept the debt group of VND 5,045 billion, offered interest free to VND 1,321 billion, and granted new loans to support customers of VND 35,367 billion to overcome difficulties.

Reported by My Phan - Translated by Ngoc Huynh

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