Total operating capital of credit organizations reaches over VND 90,000 billion

In which, mobilized capital reached VND 60,409 billion, accounting for 66.8 percent of the total operating capital in the whole area, down 0.09% compared to the beginning of the year. However, total outstanding debt reached VND 63,130 billion, up 2.11 percent compared to the end of 2018.

With the above operating capital, COs ensure sufficient capital, contribute to removing bottlenecks and provide capital to enterprises for production and business activities.

With the above operating capital, COs ensure sufficient capital, contribute to removing bottlenecks and provide capital to enterprises for production and business activities with competitive interest rates in the market. Since then, enterprises have sufficient resources, actively produce and do business to provide more valuable products and services that contribute to promoting socio-economic growth in the province.

Besides, the bad debt ratio of COs in the province accounts for 0.63% (according to the orientation of the State Bank of Vietnam, striving to bring the internal bad debt ratio below 2 percent). This shows that the healthy level of customers at COs improves clearly and they produce and conduct business effectively.

Recently, the Central State Bank proposed that banks should continue to deepen and widen administrative reforms more and more, especially procedures, conditions, loan applications, fees and many products and modern services applying information technology to create conditions for people and businesses to access the bank's capital sources./.

By Mai Huong – Translated by Duc Tam

Source: http://baolongan.vn/tong-von-hoat-dong-cua-to-chuc-tin-dung-dat-tren-90-000-ti-dong-a73598.html