More than 3,000 customers borrow capital from the bank - business connection program

Thousands of businesses have access to bank loans to develop production and business. Photo: Viet Phuong

Mr. Cao Van Hoi - Deputy Director of the State Bank of Vietnam, Nghe An branch, said that currently, banks in the area are focusing on lending capital to priority sectors, while always paying attention to improving credit quality, ensuring safety and efficiency in business operations.

In addition to providing credit to serve people and businesses, local credit institutions also expand their operations, provide capital and banking services to projects outside the area to meet the borrowing needs for production, business and daily life of local people and businesses.

Graphics: Viet Phuong

In particular, the bank-enterprise connection program in Nghe An is implemented by the banking sector through direct meetings between banks and customers, promoting the signing of contracts with customers. In addition, the sector also resolves difficulties and obstacles for businesses during their operations. Up to now, the outstanding loans under the bank-enterprise connection program are more than 15,000 billion VND with more than 3,000 business customers receiving loans.

Up to now, the total outstanding debt of credit institutions in the area is estimated at 161,639 billion VND, an increase of 11,050 billion VND compared to the beginning of the year, equal to 7.3%.

To create initiative in business activities and lending for socio-economic development, credit institutions focus on capital mobilization solutions. As of June 30, 2018, capital mobilized in the area is estimated at VND 116,032 billion, an increase of VND 8,617 billion compared to the beginning of the year, equal to 8%.

Total bad debt of banks in Nghe An is estimated at 1,415 billion VND, accounting for 0.9% of total outstanding debt.