Policy credit loan turnover in 2024 reaches over 293 billion VND

The Social Policy Bank of Thang Binh district disburses funds promptly to help people develop their economy. Photo: BIEN THUC

In 2024, the Social Policy Bank of Thang Binh district advised the district People's Committee to promptly allocate capital to communes and towns. The total loan turnover in the year was more than 293 billion VND, debt collection was 179 billion VND. Outstanding debt increased by 114.6 billion VND compared to the beginning of the year, bringing the total outstanding debt to nearly 950 billion VND, accounting for nearly 12% of the total outstanding debt of the province, growing 13.7% compared to 2023, 9% higher than the average of the whole province with 16 credit programs.

Particularly for the outstanding debt of 4 unions and associations of more than 945 billion VND with 16,898 borrowers, the entrusted outstanding debt reached 99.5%. The district's Social Policy Bank focused on implementing documents to disburse allocated capital sources quickly and promptly to the people; strengthening the work of collecting interest according to monthly receipts, the interest collection rate in the quarter reached more than 100% of the interest receivable.

Savings mobilization through groups and residential organizations reached more than 100% of the assigned plan. The bank continued to do a good job of credit quality management, overdue debt decreased by 247 million VND compared to 2023.

Source: https://baoquangnam.vn/thang-binh-doanh-so-cho-vay-tin-dung-chinh-sach-nam-2024-dat-hon-293-ty-dong-3147062.html