(ĐN)- According to Dong Nai Branch of State Bank, bad debts and overdue debts at credit organizations in the province estimated at VND2,609 billion at the end of June, accounting for 2.53 percent of total loans and up 0.23% compared to late last year.
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| Dong Nai's banking sector reviews activities in Jan-June. |
(ĐN)- According to Dong Nai Branch of State Bank, bad debts and overdue debts at credit organizations in the province estimated at VND2,609 billion at the end of June, accounting for 2.53 percent of total loans and up 0.23% compared to late last year.
Accordingly, the bad debts of third, fourth and fifth groups were VND2,067 billion.
In the first half of the year, local commercial banks and credit organizations mobilized some VND119 trillion in deposits; the banks’ loan turnover was estimated at VND103 trillion, up 9.59% compared to the beginning of the year, of which short-term loans accounted for over VND59.8 trillion, medium and long-term ones made up VND40.5 trillion.
As of end-June, Dong Nai-based banks provided loans of nearly VND16 trillion to local rural and agricultural development projects, including more than VND2,000 billion of loans without collateral.
In the coming time, further efforts will be done to maintain bad debts in the province's banking system to less than 3 percent.
Reported by K.G
