(ĐN) – Recently, a meeting has been held to assess and summary the work of the provincial banking sector in 2005 as well as create a Direction for 2006. Total mobilized capital and total debit balance in 2006 are targeted to increase by around 20 per cent over the previous year.
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| Vice Chairwoman of Dong Nai People’s Committee Dang Thi Kim Nguyen awarding certificates of merits to credit organizations for their outstanding achievements during the last year |
(ĐN) – Recently, a meeting has been held to assess and summary the work of the provincial banking sector in 2005 as well as create a Direction for 2006. Total mobilized capital and total debit balance in 2006 are targeted to increase by around 20 per cent over the previous year. In which, medium-term and long-term loans will account for 39 per cent of total loans.
Addressing at the meeting, Vice Chairwoman of Dong Nai People’s Committee Dang Thi Kim Nguyen praised efforts of the provincial banking sector over the past year in allocating loans and capital for businesses, making substantial contribution to Dong Nai’s economic growth. However, she said that the 2006 target set by the provincial banking sector is far lower than expectations, not matching the ambitious targets for sustainable economic growth and social development in Dong Nai.
Nguyen also noted that she highly values the achievements made by the provincial banking sector during the last year. The capital mobilized by provincial bank branches increased significantly in the last year. Total mobilized capital reached VND 15,158 billion in 2005, up 19 percent from 2004. Of that total, locally-mobilized capital accounted for 65.28 per cent. Particularly, Dong Nai branch of Viet Nam Bank for Agriculture and Rural Development (Agribank) mobilized local capital sufficient to fully satisfy clients’ borrowing demands thanks to efficient operation of branch banking system with province-wide network. Local capital mobilized by Dong Nai branch of Agribank accounted for more than 40 per cent of the total locally mobilized capital of the provincial banking sector. Besides, deposits mobilized by local branches of other banks such as the Industrial and Commercial Bank (Incombank), Dai A Rural Joint Stock Bank, the Asia Commercial Bank (ACB) and the Saigon Thuong Tin Commercial Bank (Sacombank) also represented a large portion of total capital mobilized by the provincial banking sector. In 2005, total loans from the provincial banking sector reached over VND 27,000 billion, grew by nearly 33 per cent over the previous year, with medium-term and long term loans accounting for more than VND 13,235 billion, or jumped more than 24 per cent over 2004. By the end of 2005, the total debit balance amounted to over VND 13,235 billion, increased more than 14 per cent compared to the beginning of the year.
K. Loan
