Deposit insurance premiums in the North Central region increased by nearly 20%

(Baonghean.vn) - Total deposit insurance premiums of branches in the North Central region in 2016 reached nearly 19 billion VND, an increase of nearly 20% compared to 2015.

The Deposit Insurance of Vietnam branch in the North Central region manages credit institutions participating in deposit insurance from Ninh Binh to Quang Tri. To date, the total number of organizations participating in deposit insurance under the management of the branch is 232 units, including 1 North Asia Commercial Joint Stock Bank, 1 Thanh Hoa microfinance institution and 230 people's credit funds. The number of people's credit funds accounts for nearly 20% of the total number of people's credit funds in the country.

In 2016, the work of issuing and revoking Deposit Insurance Certificates, remote monitoring, on-site inspection, participation in special control, payment and participation in liquidation, fee collection... were well implemented for organizations participating in deposit insurance in the area. The total deposit insurance premium in 2016 reached nearly 19 billion VND, an increase of nearly 20% compared to 2015.

In 2017, the unit continued to conduct remote monitoring of 97% - 100% of deposit participating organizations in the area under the branch's management; Urge organizations to pay fees fully and in accordance with regulations; Strengthen propaganda to strengthen depositors' confidence.

Comrade Le Xuan Dai awarded Certificates of Merit from the Provincial People's Committee to collectives and individuals with outstanding achievements. Photo: Thu Huyen.

Speaking at the conference, Mr. Le Xuan Dai - Standing Vice Chairman of the Provincial People's Committee acknowledged and highly appreciated the results achieved by the North Central Deposit Insurance Branch in 2016. 2017 is the second year Nghe An has implemented the socio-economic development plan for the period 2016 - 2021. He requested the branch to continue to closely follow the development tasks of the province and the State Bank to implement the tasks of 2017, proactively handling incidents to strengthen the trust of depositors.

Comrade Dao Quoc Tinh - General Director of Deposit Insurance of Vietnam awarded certificates of merit to the excellent labor collective. Photo: Thu Huyen.

The Vice Chairman of the Provincial People's Committee also requested the North Central Deposit Insurance Branch to have solutions to effectively implement information and propaganda work, increase deposit attraction into the banking system, orient people not to participate in ward and association activities, avoid dangerous collapses, and pay attention to social security work in the area...

On this occasion, 1 collective and 2 individuals were awarded Certificates of Merit by the Provincial People's Committee; 3 collectives and 9 individuals were awarded Certificates of Merit by the Deposit Insurance of Vietnam for their excellent performance in 2016./.

Thu Huyen