Total outstanding policy loans in Tam Ky City are over 462.7 billion VND

Representatives of the Board of Directors of the Provincial Social Policy Bank inspect and supervise at the Transaction Office of the Social Policy Bank in Tam Ky City. Photo: DIEM LE

According to the report of the Transaction Office of the Social Policy Bank of Tam Ky City, the total outstanding debt as of April 30, 2025 was more than 462.7 billion VND, with 7,412 customers still having outstanding debt.

Total lending turnover reached over 63.8 billion VND, with 1,037 near-poor households and other policy beneficiaries receiving loans; debt collection turnover reached over 44.3 billion VND, equal to 69.5% of lending turnover.

Representatives of the inspection team supervise and inspect the actual situation at a commune transaction point of the Social Policy Bank Transaction Office in Tam Ky City. Photo: DIEM LE

Due debts are controlled, policy credit quality continues to be consolidated and improved, contributing to capital preservation. Leadership and direction strengthen and improve credit quality through the effective operation of the Commune Bad Debt Collection Team, actively supporting the collection of bad debts and outstanding debts.

The transaction office effectively implements solutions to improve the quality of loan group operations, the quality of trust operations, the quality of operations of commune transaction points, and at the same time coordinates with unions, relevant specialized agencies and commune-level authorities to effectively handle risky debts due to objective reasons for borrowers.

In the first quarter of 2025, the first phase of risk files was completed and submitted to competent authorities for approval for 27 customers, with a principal amount of VND 932 million, of which 22 debts were rescheduled, with a principal amount of VND 784 million; 5 debts were cleared, with a principal amount of VND 148 million.

As of April 30, 2025, total overdue debt and frozen debt is 3.1 billion VND, accounting for 0.68% of total outstanding debt.

Source: https://baoquangnam.vn/tong-du-no-cho-vay-chinh-sach-tai-tp-tam-ky-hon-462-7-ty-dong-3154769.html