Banking of Khanh Hoa Province kept a high growth rate in 2016.
Banking of Khanh Hoa Province kept a high growth rate in 2016.
Many positive marks
2016 was a year with a lot of positive marks of the banking in Khanh Hoa Province. The State Bank launched currency policies effectively and the banking industry fulfilled targets, which contributed into controlling inflation, stabilizing macroeconomics and supporting economic growth.
In Khanh Hoa, banking kept high growth rate. In the end of 2016, deposits totalled VND63,750 billion, rising by 21.18% over that in the beginning of the year; credit balance reached VND51,530, 20.95% up. Credit was allocated reasonably, towards production and business, especially preferential fields of the government.
According to Nguyen Hoai Chieu, director of the State Bank – Khanh Hoa Branch, to achieve above results, the banking carried out many measures such as coordinating closely with related departments and industries to launch credit policies timely and effectively, connecting banks and businesses actively, and joining talks with people and businesses to solving difficulties related to banking opportunely. The banking also had solutions to difficulties of businesses like cutting lending interest rates, launching preferential credit programs, etc. Administrative reform were also stepped up facilitate people and businesses to approach banking credit.
 |
| Khanh Hoa Province's banking continues support enterprises. |
Continuing connection between banks and enterprises
The province’s banking has set a target of 18 – 20% in the growth of credit balance and keeping rate of bad debts under 3%. At the conference about task of the banking in 2017, Tran Son Hai – Pernament Vice-chairman of the provincial People’s Committee emphasized that the banking need to carry out measures of restructuring, tackle bad debts and support enterprises.
According to Nguyen Hoai Chieu, to support the development of enterprises in 2017, the banking will develop the connection program for banks and enterprises, carry out credit programs under the Government’s policy, continue solving difficulties for enterprises, stabilize and reduce lending interest rates. To borrowers influenced by the past floods, the banking will carry out some supporting ways. Besides, the banking will intensify administrative reform, simplify lending procedures, develop new conveniences and facilitate people and enterprises to approach banking services…
N.D
Translated by T.T
