Outstanding loans up 4.3%

04:06, 17/06/2020

(ĐN) - Dong Nai-based commercial banks and credit organizations lent some VND221.6 trillion as of May-end, up 4.2% over the end of the previous year, according to the Dong Nai branch of the State Bank of Vietnam.

 

(ĐN) - Dong Nai-based commercial banks and credit organizations lent some VND221.6 trillion as of May-end, up 4.2% over the end of the previous year, according to the Dong Nai branch of the State Bank of Vietnam.

Of the total, short-term loans accounted for around VND117.4 trillion, up over 6%, while medium and long-term ones made up VND102.3 trillion, up 2.36 percent.

Bad debts and overdue debts at credit organizations in the province estimated at VND1.7 trillion, accounting for only 0.77 percent of total loans.

Presently, short-term lending interest rates are between 6 and 9 percent per annum while middle and long-term ones were between 9 and 11 percent per annum.

Reported by H.H