Total outstanding policy credit reached 923 billion VND.

Recently, the Social Policy Bank of Thang Binh district has promptly disbursed loan funds. Photo: THUC BIEN

Over the past nine months, the Social Policy Bank of Thang Binh district has disbursed allocated funds quickly and promptly to the people; strengthened the collection of interest according to monthly receipts, achieving over 100% of the interest due; and continued to do well in managing credit quality, with overdue debt decreasing by 156 million VND compared to 2023.

The Board of Directors of the District Social Policy Bank exceeded its targets during the "Saving for the Poor" week, mobilizing over 15 billion VND in the peak month, increasing the balance of savings deposits through household savings to 20.7 billion VND, reaching 130% of the assigned target.

Total loan disbursements in the first nine months amounted to VND 225.7 billion, with debt collection reaching VND 137 billion; bringing the total outstanding loan balance to VND 923 billion, an increase of VND 88.5 billion compared to the beginning of the year; a growth rate of 10.6% compared to 2023, higher than the provincial average (7.2%). The performance evaluation of the Thang Binh District Branch Office as of September 2024 was rated as good, ranking first in the province.

Source: https://baoquangnam.vn/thang-binh-tong-du-no-tin-dung-chinh-sach-dat-923-ty-dong-3142514.html