Mobilized capital of banking sector reaches VND 97,000 billion

05/11/2018 13:53

(BNP) - In October, the banking sector continued effectively implementing policies and mechanisms of the state and steering solutions from the State Bank and the province to credit institutions in the province.

Illustrative photo (Source: Internet).

The VND mobilizing interest rate slightly increased from 0.1% to 0.2% per year with the term from 1 month to 6 months in some banks. By the end of October, total mobilized capital of banking sector was estimated at VND 97,000 billion with an increase of 1.1%, 19.5% and 7.3% compared with previous month, the same month of last year and the end of 2017, respectively.

Total outstanding loans reached VND 78,000 billion, up 0.2% in comparison with the previous month, up 21.6% compared with the same period last year and up 12.9% against with the end of 2017. Credit structure continued to focus on the priority industries and production sectors such as manufacturing traditional products, building new rural area, products for export, agricultural industrialization, etc.

By the end of October, bad debt in the province wasVND700 billion, accounting for 0.9% of total loans, down 8.9% over the previous month.