More than 15,000 billion VND for rural agricultural loans

(Baonghean.vn) - According to the Agricultural Bank of Nghe An province, as of March 11, 2016, the total outstanding loans of the Branch reached 15,446 billion VND, an increase of nearly 300 billion VND compared to the beginning of the year.

Of which, loans under Decree 41/2010/ND-CP, Decree 55/2015/ND-CP of the Government "on credit policy for rural agricultural development" have outstanding debt of about 13,450 billion VND, with nearly 145,000 customers still in debt. Some units have large outstanding debt such as Quynh Luu 1,305 billion VND, Dien Chau 1,204 billion VND, Do Luong 1,067 billion VND, Yen Thanh 1,025 billion VND,...

The main source of capital is for lending to production households and individuals investing in the fields of livestock, poultry, seafood development, spring rice care, raw material crop cultivation, agricultural, forestry and fishery processing, etc.

Capital from the Agricultural Bank is invested in lending to households to process anchovies in Hoang Mai Town.

Recently, the Bank for Agriculture and Rural Development, Nghe An Branch has strictly implemented the State Bank's regulations on interest rates, while continuing to promote capital mobilization to ensure financial resources to meet the lending needs for economic development in the agricultural and rural areas of the province.

As of early March 2016, the total mobilized capital of the Agricultural Bank of Nghe An Branch reached nearly 18,500 billion VND, of which the mobilized capital from residential deposits alone increased by about 625 billion VND, an increase of 3.8% compared to the beginning of the year. In recent years, the mobilized capital in the locality has continuously grown quite well, creating conditions for the Agricultural Bank of Nghe An Branch to expand investment in credit growth, ensuring liquidity at all times.

Quynh Lan