In 2024, outstanding loans of credit institutions in Quang Nam are estimated to reach more than 114 trillion VND.

Credit transactions of commercial banks in Quang Nam. Photo: Q.VIET

Domestic capital accounts for 97.29%, foreign capital accounts for 2.71%. In the structure of mobilized capital, savings deposits from residents account for 73.88%, deposits from economic organizations account for 25.29%, and deposits from bills and bonds account for 0.83%. Capital mobilized with a term of over 12 months accounts for 31.8% of the total source; capital mobilized without a term and with a term of up to 12 months accounts for 68.2% of the total source.

Bank credit increased sharply in the last two months of the year as individuals and businesses focused resources on boosting production and business at the end of the year. It is estimated that by December 31, 2024, outstanding loans of credit institutions in the area will reach VND 114,046 billion (up 6.74% compared to the beginning of the year). Of which, short-term credit accounts for 63.3%, medium and long-term credit accounts for 36.7% of the total outstanding loans.

Banking activities in the area best meet the capital needs of businesses and people to maintain and develop production, business, trade and services, contributing to promoting the socio-economic growth of the province.

Source: https://baoquangnam.vn/nam-2024-du-no-cac-to-chuc-tin-dung-tren-dia-ban-quang-nam-uoc-dat-hon-114-nghin-ty-dong-3145184.html