Total outstanding policy credit reached over 388 billion VND

The Board of Directors of the Social Policy Bank of Phu Ninh district held a meeting to review the first quarter of 2025. Photo: QUOC VUONG

In the first quarter of 2025, the total loan capital in the district reached more than 395 billion VND, an increase of 13.4 billion VND compared to the beginning of the year. Loan turnover reached 41.5 billion VND with 795 customers. Total outstanding debt by the end of the first quarter reached 388.4 billion VND, an increase of 6.8 billion VND compared to the beginning of the year; the overdue debt ratio continued to decrease, currently at 0.06%.

Credit quality continues to be maintained, commune transaction points and savings and loan groups maintain orderly and effective operations, creating favorable conditions for people to access loans right at the grassroots level. The handling of risky debts is carried out in accordance with regulations, in the first quarter, debts were frozen for 5 borrowers and debts were cleared for 7 households facing unavoidable risks.

At the conference, the leader of Phu Ninh District People's Committee proposed that in the second quarter of 2025, the whole district continue to focus on completing 100% of the assigned credit plan, controlling credit quality well, maintaining the overdue debt ratio below 0.05%, the principal debt collection rate on time is over 99%...

The Transaction Office of the Social Policy Bank of Phu Ninh district continues to advise the district People's Committee to supplement 500 million VND from the district budget for lending to implement Resolution No. 111 of the National Assembly on a number of specific mechanisms and policies to implement national target programs.

Source: https://baoquangnam.vn/phu-ninh-tong-du-no-tin-dung-chinh-sach-dat-hon-388-ty-dong-3152920.html