The increased demand for investment in production, business and consumption of Ha Tinh people at the end of the year is a condition for credit institutions in the area to develop the retail credit sector.
In the last months of 2023, in the context of many businesses' capital absorption capacity slowing down, commercial banks in Ha Tinh focused on developing retail credit, promoting personal loans to many customer segments.
Besides the production and business sectors, banks have designed many loan packages to serve personal consumption such as: loans to buy land, buy houses, build houses, buy cars, study abroad loans... with the lowest interest rates since the beginning of the year.
Outstanding personal customer loans of Agribank Ha Tinh Branch account for nearly 92% of total outstanding loans.
In recent times, Agribank Ha Tinh Branch has made the most of the retail credit market thanks to stimulus policies. Accordingly, many credit packages for individual customers have been applied such as: preferential loans for people receiving salaries from the state budget, officials and employees in the health sector; interest rate support loans according to Resolution No. 51/2021/NQ-HDND of the Ha Tinh Provincial People's Council and other preferential interest rate programs of Agribank.
According to Mr. Nguyen Xuan Tam - Deputy Director of Agribank Ha Tinh Branch: As of November 21, 2023, the total outstanding debt of the entire branch reached 13,306 billion VND, an increase of 1,161 billion VND, a growth rate of 10%. Of which, outstanding debt of individual customers reached 12,189 billion VND, accounting for nearly 92% of the total outstanding debt of the entire branch.
To increase retail debt in the coming time, Agribank Ha Tinh Branch continues to promote communication activities on credit policies for individual customers that are being applied so that customers can grasp and access them, especially interest rate support packages and preferential interest rates. At the same time, closely coordinate with local authorities and organizations at all levels such as farmers' associations, women's associations, etc. to promote lending. Prioritize capital for production sectors, serving agriculture - rural areas and credit sectors according to Decree 55 of the Government; maximize and promote lending to credit programs with interest rate support and preferential interest rates of the Government, Agribank and the People's Council of Ha Tinh province.
Leaders of BIDV Ha Tinh Branch and the Provincial Health Sector Trade Union signed a cooperation program to implement a preferential credit package for medical staff.
BIDV Ha Tinh Branch is also “launching” many credit packages with attractive lending interest rates for individual customers and production and business households. Accordingly, the branch is implementing a short-term loan package of 120,000 billion VND specifically for customers serving production and business with interest rates from only 5.2%/year.
To meet the consumption needs of customers, especially cadres, civil servants and public employees, BIDV Ha Tinh Branch has also designed consumer credit packages in the form of mortgage and unsecured loans with preferential interest rates. In particular, many customer segments are prioritized such as: employees in the education sector, police, health sector... In addition, BIDV Ha Tinh Branch is also "running" a medium and long-term loan package for customers to buy houses and cars with a scale of 100,000 billion VND, with interest rates from only 6.5%/year.
Mr. Tran Trong Duc - Deputy Head of Personal Customer Department, BIDV Ha Tinh Branch said: "The unit proactively serves loans for all customers from small traders to officials, civil servants, public employees... Up to now, the branch's retail outstanding loans account for more than 50% of the total outstanding loans. In the last 3 months of the year, BIDV Ha Tinh Branch set a growth target of over 350 billion VND and has now completed more than 60% of the plan. At the end of the year, the high demand for investment in production, business and consumption of the people will create room for the bank to continue to grow retail outstanding loans".
Customers come to make transactions at OCB Ha Tinh Branch.
In fact, the demand for loans of Ha Tinh people has increased at the end of the year. Aiming at this "fertile land", joint stock commercial banks such as HDBank, Bac A Bank, ACB, OCB... are also "hitting hard" on the retail credit segment.
Although it has only been launched in the Ha Tinh market for more than half a month, thanks to the "plus points" of credit packages and preferential interest rates, Orient Commercial Joint Stock Bank (OCB) Ha Tinh Branch has quickly met the loan needs of nearly 1,000 customers in the area.
Mr. Tran Xuan Dung - Director of OCB Ha Tinh Branch informed: "Lending to production and business households and individual customers is the target of OCB. Currently, the branch is implementing a short-term loan package for investment in production and business for individual customers. The "attraction" of this loan package is the fixed interest rate throughout the loan period with an interest rate of 6.5%/year and a loan limit of up to 10 billion VND. In addition, the branch also has loan packages for customers investing in buying residential land, buying houses, buying cars, consumer loans... At the same time, OCB also implements unsecured loan packages specifically for the customer segment of cadres, civil servants, and public employees with preferential interest rates".
Mr. Nguyen Duy Bay - Owner of Bay Trang Supermarket (Nghen town, Can Loc) shared: “We sell many items from confectionery, household appliances to children's toys, fashion items... At the end of the year, people's shopping needs are high, so the supermarket has proactively imported goods worth more than 8 billion VND. To expand the scale, we are building more facilities. In this context, the facility is lent tens of billions of VND by banks with low interest rates, only 6.5%/year, so we are confident in investing."
Bay Trang Supermarket (Can Loc) received funding from banks to build facilities and expand business.
In general, in the last months of the year, credit continues to shift strongly to personal lending investment with many diverse products and methodical investment strategies. Practice shows that personal lending is affirming the effective and safe development direction in the current credit investment of "banks".
According to the State Bank of Vietnam, Ha Tinh Branch, as of early November 2023, the total outstanding debt of credit institutions reached VND 92,019 billion, of which retail debt accounted for 68.5% of the total outstanding debt in the whole area.
Thu Phuong - Cam Hoa
Source
Comment (0)