Nghe An: Credit growth reaches 18%
(Baonghean.vn) - In 2015, despite low interest rates in the market, capital mobilization remained stable and credit growth was quite good.
The reason is that credit institutions in the area have been actively improving the quality of banking services, diversifying forms of capital mobilization, and encouraging businesses and individuals to open payment accounts through banks.
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| Transactions at Agribank Nghe An Branch |
According to the State Bank of Vietnam's Nghe An branch, mobilized capital in the area has reached an estimated 77,050 billion VND, an increase of 10,057 billion VND compared to the beginning of the year, or 15%, which is lower than the growth rate of the previous year (19.42%).
Based on business plans, credit institutions continue to closely follow the province's economic development programs and projects to effectively expand credit, shift the credit structure towards concentrating lending capital on priority sectors, and always focus on improving credit quality and ensuring safety and efficiency in business operations. In 2015, credit activities in Nghe An province showed a fairly stable growth rate. Currently, the total outstanding loan balance is estimated at VND 103,094 billion, an increase of VND 15,709 billion compared to the beginning of the year, or 18%.
Currently, the total non-performing loans of banks in Nghe An province are estimated at VND 1,387 billion, accounting for 1.3% of total outstanding loans, lower than the non-performing loan ratio in 2014 (1.5%). The reason for the decrease in non-performing loans is that during the year, credit institutions actively recovered debts through the handling of collateral assets, selling debts to VAMC, using provisions to manage risks, and suing customers who were unwilling to repay their debts... |
Thu Huyen
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