Local capital entrusted for policy credit in Hai Duong is nearly 7 times higher than the annual growth plan.
As of June 30, 2024, the total capital of the entire policy banking system in Hai Duong was more than VND 5,170 billion, an increase of 8.2% compared to the beginning of the year. Of which, local capital was nearly VND 502 billion, an increase of 87.4%, nearly 7 times higher than the annual growth plan.
Total outstanding debt is over 5,157 billion VND, up 8.1% compared to the beginning of the year. Overdue debt ratio accounts for 0.045%, debt suspension ratio is 0.016% of total outstanding debt.
That was the information at the meeting on the afternoon of July 9 of the Board of Directors of the Social Policy Bank, provincial branch.
Concluding this meeting, Mr. Tran Van Quan, Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Branch of the Social Policy Bank, requested the Departments of Finance, Planning and Investment to preside over and coordinate with relevant units to advise the provincial leaders to continue to supplement capital sources transferred to the Social Policy Bank for loan disbursement. In particular, localities in the province need to pay more attention to local capital sources entrusted to the bank. The Provincial Branch of the Social Policy Bank coordinates with relevant units to develop credit support projects for expanded subjects according to regulations. Request the Fatherland Front Committees at all levels to open "Fund for the Poor" accounts at the Social Policy Bank to supplement capital sources for implementing policy credit...