In 2014, capital mobilization and credit growth in Khanh Hoa Province made sharp increase. Significantly, credit mechanism transferred positively into preferential fields such as agriculture, small and medium-sized enterprises and for export...
In 2014, capital mobilization and credit growth in Khanh Hoa Province made sharp increase. Significantly, credit mechanism transferred positively into preferential fields such as agriculture, small and medium-sized enterprises and for export.
In 2014, the province’s banking timely developed policies on currency and credit to supply capital for production and business, effectively implemented solutions to difficulties to impulse the development of production and business. The local banking gained a good growth rate, far higher than the average growth rate of the country. The capital mobilization hit VND43,093 billion, 21.28% up; credit balance: VND32,188 billion, 24.08% up. In the year, credit institutions lowered lending rates for more than 7,200 clients.
Loans focus on preferential fields. Specifically, those were priorities (VND13,466 billion in credit balance, making up 46.3% of the total figure, 9.5% up), agricultural and rural development (VND3,800 billion in credit balance, making up 10.2% of the total figure, 14.8% up), and new rural area building (VND2,700 billion in credit balance for 110 businesses and 38,103 households).
According to Doan Vinh Tuong, director of the State Bank – Khanh Hoa Branch, the result of the banking in 2014 confirmed that currency policies of the State Bank Governor was carried out effectively. Lending interest rates saw deep decrease, supporting enterprises actively; inflation was controlled; and currency market was kept stable. In the province, credit institutions strictly obeyed the instruction of the State Bank on interest rate reduction. In addition, exchange rate as well as foreign exchange market remained stable, and legal demand for foreign currencies was met. Gold market was also stable.
One of the highlights in the province’s banking in 2014 is the positive participation of some commercial banks in the program linking banks and businesses. The banks signed to supply over VND2,268 billion in preferential loans for 84 enterprises in the province, including 74 small and medium-sized ones with VND1,275 billion, making up 56.23%. Besides, the accommodation support lending policy helped more than 600 households settle down. The lending for building and upgrading ships under Decree 67 of the Government also was well-done with 11 applications adopted with over VND143.1 billion.
In 2015, the province’s banking strives for 13% - 15% in growth of credit balance. The biggest duty of credit institutions in the province is initiative in capital for economic growth. According to Doan Vinh Tuong, the capital demand for investment this year is forecast to be higher than last year, requiring the State Bank managing interest rate reasonably in order to ensure the supply as well as the growth of businesses and the economy.
T.T
