Nghe An: Striving to increase capital and outstanding debt by about 15-20%

(Baonghean.vn) - On the morning of January 10 in Vinh City, the State Bank of Vietnam, Nghe An Province Branch, held a conference to deploy banking tasks in 2017.

Attending the event were comrade Le Xuan Dai, member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee and representatives of leaders of a number of relevant departments and branches.

Delegates attending the conference.

In 2016, although the domestic and provincial economies recovered slowly and competitiveness was still low, with the outstanding efforts of the entire banking sector in the area, the sector's activities grew quite well, successfully completing the tasks and plans set out.

During the year, the units performed well the role of financial intermediary in the economy, expanded the network of operations, and diversified the forms of capital mobilization. By December 31, 2016, the mobilized capital in the area reached VND 92,410 billion, an increase of VND 15,265 billion, equivalent to 19.8%; The total outstanding debt of credit institutions and credit institution branches in the area reached VND 145,285 billion, an increase of VND 19,045 billion, equivalent to 15.1%. Credit quality was good, bad debt accounted for only 0.85% of the total outstanding debt in the area.

Ms. Nguyen Thi Thu Thu, Director of the State Bank of Nghe An province opened the conference.

In addition to focusing on capital mobilization and lending to the economy, service activities are of interest to units, especially expanding non-cash payments through the deployment of electronic banking services, installing and connecting ATMs and POS in the area.

The whole province currently has 250 ATMs, with 1,046 POS, most of the units receiving state budget salaries in Vinh city and the centers of some districts and towns have made salary payments through accounts.

Comrade Le Xuan Dai presented the Emulation Flag of the Provincial People's Committee to the State Bank of Vietnam, Nghe An branch.

In 2017, the State Bank continued to determine the goal of operating a proactive and flexible monetary policy, closely coordinating with other macroeconomic policies to control inflation, stabilize the macro economy, support reasonable economic growth, and ensure the safety of the credit institution system.

The Nghe An branch of the State Bank of Vietnam determined its tasks for 2017, directed and implemented effectively the tasks and solutions wholeheartedly under the direction of the Government, the Governor of the State Bank of Vietnam and the Provincial People's Committee; linked the growth of banking activities with the goals and tasks of socio-economic development of Nghe An province; strived to achieve a growth rate of capital and outstanding loans of about 15-20%, bad debt below 3% of total outstanding loans.

Authorized by the President, Comrade Le Xuan Dai awarded the Second Class Labor Medal to Mr. Cao Van Hoi, Deputy Director of the State Bank of Nghe An province.

Speaking at the conference, Mr. Le Xuan Dai, Standing Vice Chairman of the Provincial People's Committee, highly appreciated the efforts of the banking sector in the area, which have made important contributions to the development of the province's economic and social sectors. In 2016, the State Bank of Vietnam's provincial branch effectively implemented solutions to stabilize the local financial and credit market.

The Vice Chairman also noted that the banking industry must always pay attention to proactively controlling bad debt, and some commercial banks with credit growth rates of over 30% need to pay attention to credit quality.

Comrade Le Xuan Dai, Permanent Vice Chairman of the Provincial People's Committee, gave a speech at the conference.

At the same time, it is recommended that the Nghe An State Bank Branch focus on promptly implementing legal documents of the State and the industry to units and other organizations with banking activities in the area. Closely follow the general direction of the industry and the province, the action program to implement the Resolution of the 18th Provincial Party Congress and the resolutions on developing economic sectors of the province to direct units to increase capital mobilization and expand credit investment in a safe, effective and sustainable manner.

Customers transact at SHB Nghe An Bank Branch.

Branches need to pay attention to credit growth along with credit quality; Continue to perform assigned tasks on gold and foreign exchange market management according to the provisions of law. Focus on directing credit institutions to operate within the legal framework, compete fairly, have high consensus in banking activities in the area, create stability for the monetary market, ensure effective credit investment in the area, and make important contributions to the tasks of economic and social development of the province.

On this occasion, the Provincial People's Committee awarded the Emulation Flag to the State Bank of the province for its excellent performance in 2016. The President awarded the Second Class Labor Medal to Mr. Cao Van Hoi, Deputy Director of the State Bank of the province.

Quynh Lan