Improve credit quality, ensure safe and effective business

To improve credit quality, Co-opBank Vinh Phuc tightens management, ensuring proper implementation of procedures before, during and after lending, especially in the appraisal stage. Assigning credit officers to closely monitor the area to evaluate investment, production and business activities of customers; after disbursement, capital must be used for the right purpose, bringing efficiency. At the same time, bank leaders always closely monitor each loan, evaluate growth potential, progress of principal and interest collection... promptly detect and have solutions to remove difficulties and obstacles. In addition, Co-opBank Vinh Phuc regularly organizes training and exchanges to improve expertise and professionalism in business activities, simplify administrative procedures, create all conditions for customers to transact conveniently...

Thanks to capital from Co-opBank Vinh Phuc, Ms. Nguyen Thi Chuyen's family in Vinh Phu commune has invested in and expanded a dairy cow farming model, bringing in a stable income of 600 - 700 million VND/year.

Innovation and improvement of credit quality help Co-opBank Vinh Phuc's business activities always ensure safety, efficiency and sustainable development. Currently, Co-opBank Vinh Phuc's total outstanding loans reached more than VND 1,075 billion, an increase of more than 24% compared to the end of 2024; an increase of 30% over the same period; the bad debt ratio is guaranteed at a safe level, accounting for 0.36% of total outstanding loans. The capital source has been and is effectively helping many individual households and businesses stabilize production, expand their scale of operations, actively contribute to the process of economic restructuring, create jobs, increase income, and improve the quality of life of people.

Taking us to visit the dairy cow farming model, Ms. Nguyen Thi Chuyen, Vinh Phu commune shared: Before, without capital, the family only raised a few dairy cows, so the economy was quite difficult. Thanks to the loan from Co-opBank Vinh Phuc, since 2019, the family has been able to expand the scale of farming, with a total herd of 26 cows as present, bringing the family a stable income of 600 - 700 million VND/year. I have borrowed capital from many banks but chose Co-opBank Vinh Phuc to stick with for a long time because of the close and friendly service attitude; reasonable loan interest rates; quick and convenient loan application approval procedures...

Ms. Le Hoang Hanh, Director of Co-opBank Vinh Phuc said: In order to achieve the goal of safe, stable, effective and sustainable credit growth along with improving credit quality, controlling and handling bad debts, in the coming time, Co-opBank Vinh Phuc will continue to closely follow the lending and economic development policies and orientations of the State Bank of Vietnam, the Cooperative Bank of Vietnam, the province and localities; exploit capital sources from the people well, proactively balance capital sources to have solutions to implement appropriate business activities, maintain and sustain growth momentum, successfully complete financial plan targets as well as ensure to maintain the role of "Bank of People's Credit Funds (PCFs)" - Regulating capital for PCFs to have enough sources for members to borrow capital to develop production and business, increase income and improve quality of life.

Accordingly, the bank always focuses on performing its duties and roles as a focal bank for the People's Credit Funds in the area, ensuring capital sources for loans, paying deposits to funds, providing professional training advice, and supporting the development of modern digital banking services to each People's Credit Fund. Strengthening information and propaganda work, promoting the brand image and operational role of the Vietnam Cooperative Bank for the People's Credit Fund system.

In particular, Co-opBank Vinh Phuc always closely follows market developments to have a flexible interest rate mechanism, diversify forms of mobilization, promote new products on lending, mobilization, and capital regulation. Implement credit growth on the basis of ensuring liquidity, balancing capital sources; focusing credit on direct production and business areas, priority areas and growth drivers according to the Government 's policy, ensuring safe and effective credit activities. At the same time, actively and proactively inform about the bank's credit programs and policies so that customers can grasp information and access capital sources, especially preferential loans. Continue to improve, innovate, and modernize the process of providing products and services in the direction of simplifying procedures, creating the most favorable conditions to improve access to credit for people and businesses.

Tran Tinh

Source: https://baophutho.vn/nang-cao-chat-luong-tin-dung-dam-bao-kinh-doanh-an-toan-hieu-qua-241409.htm