Nghe An Social Policy Bank accompanies the poor

Thu Huyen• February 6, 2019 07:58

(Baonghean) - In 2018, the Board of Directors of the Bank for Social Policies, Nghe An Branch closely followed the direction of the Central and Provincial Board of Directors to lead and direct the excellent completion of assigned goals and tasks.

Tổng Giám đốc NHCSXH Dương Quyết Thắng kiểm tra thông tin tín dụng tại trụ sở UBND xã Tà Cạ, huyện Kỳ Sơn.

General Director of the Bank for Social Policies Duong Quyet Thang checks credit information at the headquarters of the People's Committee of Ta Ca commune, Ky Son district. Photo: Thu Huyen

In 2018, the Board of Directors of the Bank for Social Policies, Nghe An Branch closely followed the direction of the Central and Provincial Boards of Directors to lead and direct the excellent completion of assigned goals and tasks. By December 31, 2018, the total capital reached 7,752 billion VND; the total outstanding loan balance of the branch reached 7,744 billion VND, an increase of 7.6%, completing 100% of the assigned plan; the total mobilized capital was estimated at 1,191 billion VND, exceeding the assigned plan, of which: mobilized through the group reached 356 billion VND, an increase of 97 billion VND (2.4 times the assigned target), mobilized from organizations and individuals reached 835 billion VND, an increase of 169 billion VND (reaching 169% of the plan); advised and directed lending work in a timely manner, achieving good results; Loan turnover reached over 2,616 billion VND, debt collection reached 2,072 billion VND.
Although credit scale increased and debt due increased, credit quality continued to be tightly controlled, total overdue debt was about 10.5 billion VND, accounting for 0.14% of total outstanding debt, continuing to decrease by 0.03% compared to 2017.
The implementation of a number of new credit programs has achieved good results, which is an important premise to boost credit in 2019 and the following years: social housing loans, loans for socio-economic development in ethnic minority and mountainous areas according to Decision No. 2085/QD-TTg.

Đoàn công tác ngân hàng CSXH tặng quà người dân vay vốn phát triển kinh tế ở Kỳ Sơn. Ảnh: thu huyền

The delegation of the Vietnam Bank for Social Policies gave gifts to people borrowing capital for economic development in Ky Son. Photo: Thu Huyen

Accompanying the poor and policy beneficiaries, the Social Policy Bank, Nghe An branch, has overcome many difficulties and challenges, joined hands and hearts, strived to excellently complete assigned tasks, and promoted its role as an important economic lever of the State in the sustainable poverty reduction process. The practical operations of the Social Policy Bank have been demonstrating the strong development and increasingly effective operation of the specific policy credit channel in the area.