Total deposits to reach VND112,114 billion in 2015

According to PPC, in 2015, the system of credit institutions in the province developed stably. The province has now branches and credit institutions, 10 people's credit funds and 149 transaction offices, saving funds. Credit and banking sector classified debts, handled delinquent debts, decreased lending rate according to the Government’s directions; implemented the program to link banks with businesses at district, town and city. Lending rates continued to be stabilized; interest rate to agricultural, export sector, small and medium-sized enterprises, auxiliary industries was 6 -7% / year for short-term loans and 9 -10 % / year for medium to long-term loans; interest rate to business activities was  6.8 to 9% / year for short-term loans and  9-11% / year for medium to long-term loans.

Total deposits was estimated at VND112,114 billion, increasing 15.8% year-on-year, including deposits of economic organizations to increase 15.8%, making up 37.4%; residential deposits to increase 15.9%, accounting for 61.6%. Total loan outstanding balance was VND92,626 billion, increasing 17.2%; including short-term loans  to increase 11.2%, accounting for 61.7%, medium and long-term loans to increase 28.2%, accounting for 38.3%; loans for small and medium-sized enterprises accounted for 23.1% of total loans; bad debts was VND1,040 billion, accounting for 1.1% of total loans.

To housing support programs, provincial credit institutions granted 1,120 loans worth totally VND261 billion, including VND91 billion of disbursement, accounting for 34.9%....

Reported by P.An – Translated by Ngoc Huynh