Total mobilized capital of banking system and credit institutions in Bac Ninh province increases nearly 1,000 times compared to 1997

30/10/2024 14:03

(BNP) – After 27 years of re-establishing the province (1997 – 2024), the banking and credit institution system in the province has been expanded and operated effectively, ensuring resources to promote socio-economic development.


Customers make transactions at Vietbank Bac Ninh.

Monetary, credit and banking activities are effective, providing necessary capital for production, business and consumption activities of people and enterprises. From 1997 to 2023, total mobilized capital increased nearly 1,000 times (from VND 241 billion to VND 231,193 billion); outstanding loans increased more than 630 times (from VND 259 billion to VND 163,295 billion).

In the first 9 months of 2024, total mobilized capital reached VND 220 trillion, up 1.3% over the same period in 2023; outstanding loans reached VND 177 trillion, up 13%, bad debt accounted for 1.3% of total outstanding loans.

By T.L