(ĐN)- Dong Nai-based banks and credit organizations as of end-December raised more than VND151.6 trillion in deposits, up 21% against the end of 2015 and fulfilling 103 percent of the year's target.
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| Vice Chairman Nguyen Quoc Hung speaks at conference to review performance of banking industry in 2016 and targets for 2017. |
(ĐN)- Dong Nai-based banks and credit organizations as of end-December raised more than VND151.6 trillion in deposits, up 21% against the end of 2015 and fulfilling 103 percent of the year’s target.
The banks’ loan turnover reached at more than VND133 trillion, a year-on-year increase of 20 percent. Accordingly, bad debts estimated at VND1.8 trillion, accounting for 1.34 percent of total loans.
The figures were reported at a recent conference to review the performance of the banking industry in 2016 and targets for 2017.
Dong Nai set a credit growth target of 20-22 percent for this year and it pledged to continue measures to keep credit growth suitable to the province’s economic development.
Speaking at the event, Vice Chairman Nguyen Quoc Hung of the provincial People's Committee said that credit growth controlling measures are aimed to ensure the safety and efficiency of the banking sector and the economy.
“They will also be used to ensure that loans go to the business and production sectors prioritised by the Government,” he said.
Reported by B.N
