Strengthening the handling of overdue debt
(Baonghean.vn) - On the morning of May 18, the Board of Directors of the Social Policy Bank, Nghe An branch, held the 43rd regular meeting to evaluate the results of operations in the first four months of the year and deploy tasks for the coming time.
Mr. Le Xuan Dai - Member of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors' Representative Board chaired.
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| Comrade Le Xuan Dai chaired the conference |
As of April 30, 2015, the total capital of the provincial policy bank reached 6,360 billion VND; Total outstanding debt reached 6,266 billion VND, an increase of 45 billion VND compared to the beginning of the year, a growth rate of 0.72%. Some programs have strong growth such as near-poor households, poor households, students, clean water and rural environmental sanitation. The bad debt ratio is 0.38%, an increase of 0.03% compared to the end of 2014. Currently, there are 2 credit programs for students and labor export with surplus capital of about 150 billion VND.
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| Comrade Dang Cao Thang - Deputy Director of the Department of Labor, Invalids and Social Affairs requested the State Bank to promptly direct the deposit for workers to go to Korea for export. |
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| Vice President of the Provincial Women's Union Le Thi Huong Giang discussed the situation of encroachment and borrowing. |
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| The leaders of the Provincial Farmers' Association suggested that in order to reduce bad debt, it is necessary to increase propaganda to raise awareness among the people. |
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| Comrade Vo Hong Duong - Deputy Chief of Office of the Provincial People's Committee proposed a number of solutions to improve the efficiency of appraisal and lending work. |
Faced with the existing problems in the appraisal, lending and debt collection processes of the policy bank, in order to improve the quality of operations in the second quarter, at the working session, comrade Le Xuan Dai requested that in the coming time, members of the Board of Directors need to take drastic actions to strengthen capital management, direct grassroots units to perform well in disbursement work. In particular, actively urge the collection of due debts, handle bad debts, and ensure sustainable credit growth.
The entrusted organizations need to regularly coordinate closely with the policy bank to grasp the operational situation of the savings and loan groups, strive to promptly disburse the central government's allocated capital for the loan program for near-poor households, clean water and environmental sanitation, and flood shelter construction with a total capital of 109 billion VND.
Thu Huyen
