Thu Dau Mot Bank for Social Policy reaches total outstanding entrusted loans of VND498 billion

Over the first four months of 2022, Directors Board of Thu Dau Mot City's Social Policy Bank mobilized total deposits worth nearly VND 77 billion, granted total loans nearly VND 87 billion to 918 customers, recovered loans of over VND 45 billion. Accumulated total loan outstanding reached over VND 547 billion with 9,833 customers, overdue debt accounted for only 0.17%. The total debt of entrusted loans through socio-political organizations reached VND 498 billion, accounting for 91% of the total loan outstanding.  

In the second quarter of 2022, the city's Social Policy Bank will closely monitor and direct entrusted loans, organize professional training on management of policy credit capital to improve the efficiency of using loans. Besides, the bank regularly reviews and improves the operational quality of savings and lending groups, credit quality in the area, ensuring the completion of 100% of assigned credit targets.

Reported by Thanh Hong – Translated by Ngoc Huynh

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