Credit funding system in stable and good growing rate

 The operation of 10 credit funds in the province has settled down and gradually been developed to contribute into local socio-economic development.

State Bank of Vietnam – Binh Duong Branch informed that over VND 1,029 billion has been mobilized into 10 credit funds of the province, of which deposits are accounted for VND 951,567 million or 28.31% increasement.

By understanding operation areas and economic status of families, the products of the mentioned funds have reached various kinds of customers.

Mr. Vu Khac Toan, President of Phu Hoa Credit Fund, informed that the loans balance has reached 20% with unlimited loans and non-business borrowings. He affirmed the advantage of ceiling deposit interest rate which is allowed to be higher than banks; however, prestige is the key to success by exceeding 30% of the year plan. Good news is lying ahead, he said.

“Loans activities in eleven months have increased in amount; however, complex interest rate hike has resulted in difficulties in credit activities. But we are not blindfolded by the profits and forget the mutual supports. As the matter of fact, from October, at the time of lowing interest rate, we instantly reduced loans interest rate to 19% a year to share up with members and to attract more borrowers,” said Mrs. Nguyen Thi Thuy Nga, Director of An Thanh Credit Fund

Reported by Thanh Hong – Translated by Vi Bao

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