Mobilizing capital from the people increased by 11.1% over the same period

25/03/2019 10:15

(BNP) - According to the Statistics Bureau, the total capital mobilized from the banking sector by the end of February 2019 was estimated at VND 100,500 billion, decreasing slightly by 0.8% from the previous month but still increasing by 12 % compared to the same month last year and increasing by 1.4% compared to the end of 2018.

An illustration (Source: Internet)

In particular, the savings deposit of residents was 61,500 billion VND, accounting for 60.2%, up 2%, 11.1%, and 4.4%. Thanks to the expansion of mobilized capital, banks and credit institutions have implemented many preferential credit programs and spent big credit capital for key programs in the agricultural and rural sectors, production and processing of exports, housing loans for low-income workers, credit for small and medium enterprises of supporting industries,...

Total outstanding loans by the end of February were estimated at VND 80,800 billion, down by 0.7% compared to the previous month, but still increasing by 16.4% over the same period last year and by 0.3% compared to the end of 2018. The overdue debt was VND 710 billion, down 5.5% compared to the end of January, and the debt ratio was low, accounting for 0.88% of total outstanding loans.