Total outstanding policy credit reached over 694 billion VND.

Officials from the Social Policy Bank of Nui Thanh district disburse loans to eligible borrowers. Photo: Office of the Bank.

By the end of 2024, the total outstanding balance of policy-based credit in Nui Thanh district reached over 694 billion VND, an increase of more than 57 billion VND compared to the beginning of the year, representing a growth rate of 8.95%, with 5,238 households borrowing capital.

Six credit programs saw an increase in outstanding loans compared to the beginning of the year, including: loans for near-poor households, job creation, students, clean water and sanitation, those who have completed their prison sentences, and policy beneficiaries working abroad.

The quality of policy credit remained stable, with the overdue loan ratio accounting for 0.052% of the total outstanding loans; capital mobilization reached a balance of over 83.5 billion VND, an increase of 8.3 billion VND compared to the beginning of the year, a growth rate of 11.09%, achieving 100% of the set target.

Non-performing loans as of December 31, 2024 amounted to VND 514 million, accounting for 0.074% of total outstanding loans; 10 communes had no overdue loans. Frozen loans totaled VND 150 million, accounting for 0.02% of total outstanding loans; the actual loan collection rate reached 100%.

Source: https://baoquangnam.vn/nui-thanh-tong-du-no-tin-dung-chinh-sach-dat-hon-694-ty-dong-3147423.html