Meeting of the Board of Directors of the Provincial Bank for Social Policies

Monday, July 8, 2024 | 17:44:00

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On the afternoon of July 8, the Provincial People's Committee held a meeting of the Board of Directors of the Provincial Bank for Social Policies (BSP) to listen to a report on the results of operations in the first 6 months of the year and deploy directions and tasks for the third quarter of 2024.

Comrade Nguyen Quang Hung, Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Bank for Social Policies, spoke at the meeting.

By the end of June 2024, the total operating capital of the Provincial Branch of the Bank for Social Policies reached more than VND 4,490 billion, an increase of 5.14% compared to December 31, 2023; total outstanding loans reached nearly VND 4,490 billion, an increase of 5.18% compared to December 31, 2023 with 97,692 customers borrowing capital; total lending turnover reached nearly VND 1,020 billion with 25,812 customers borrowing capital; total debt collection turnover reached nearly VND 800 billion; overdue debt ratio accounted for 0.05% of total outstanding debt. In the inspection and supervision work, in the first 6 months of the year, members of the provincial and district representative boards inspected 4 districts, 327 communes, 160 savings and loan groups, and compared 3,634 households borrowing capital.

At the meeting, delegates focused on discussing the limitations in implementing the Government's preferential loan programs; on that basis, proposing solutions to recover bad debts; increasing outstanding loans for loan programs for poor and near-poor households...

In his concluding remarks, the Standing Vice Chairman of the Provincial People's Committee, Head of the Board of Directors of the Provincial Social Policy Bank highly appreciated the positive contribution of the credit capital of the Provincial Social Policy Bank to the socio-economic development of the province.

He requested that in the coming time, the Provincial Branch of the Bank for Social Policies advise the province to organize a conference to summarize 10 years of implementing Directive No. 40-CT/TW of the Secretariat on strengthening the Party's leadership over social policy credit to ensure efficiency, creating new momentum in implementing preferential credit programs in the area; advise on organizing the implementation of Resolution No. 111/2024/QH15 of the National Assembly on a number of specific mechanisms and policies to implement national target programs; review the achieved results, on that basis, find solutions to complete and over-complete the set goals and plans; coordinate to effectively manage loan capital, not to let negativity arise in the Government's preferential lending. At the same time, he requested members of the Board of Directors of the Provincial Bank for Social Policies to pay more attention to inspection and supervision work; Conduct surprise inspections and thematic inspections, promptly correct errors in the Government's preferential loans; coordinate with the provincial Fatherland Front and unions at all levels to implement signed contents, not to let capital stagnate causing waste; coordinate with the Provincial Branch of the Vietnam Bank for Social Policies in training to improve the qualifications of grassroots union officials...

Preferential loans from the Government help Mr. Nguyen Xuan Minh's family in Hoa Tien commune (Hung Ha) develop a wooden furniture production and trading facility.

Minh Huong

Source: https://baothaibinh.com.vn/tin-tuc/4/203267/hop-ban-dai-dien-hoi-dong-quan-tri-ngan-hang-csxh-tinh