Binh Duong provincial Branch of Bank for Social Policies coordinates to check up and ensure capital resources

In the first months of the year, in addition to actively disbursing loans, Binh Duong provincial Bank for Social Policies' Branch strengthened propaganda and coordination with departments and branches to urge debt collection and ensure the safety of loans rotating.

As of June 30, total bad debt was VND 7,939 billion out of VND 4,252 billion of total outstanding loans; bad debts increased by VND 490 million compared to the beginning of the year to account for 0.17% of total outstanding loans (increasing by 0.02%). In which, overdue debt accounts for 0.16% over total outstanding loans, and frozen debt accounts for 0.01% over total outstanding loans. The branch well implemented the plan of inspection and supervision in accordance with the contents entrusted to the units by regularly monitoring, urging, and having solutions to handle and recover due and overdue debts.

Reported by Thanh Hong – Translated by Vi Bao

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