Banking of Khanh Hoa Province on January 17 set targets for 2018. Accordingly, 18 – 20% in credit growth and under 3% in bad debts were set as two targets of the province's banking in 2018.
Banking of Khanh Hoa Province on January 17 launched duties for 2018. Accordingly, 18 – 20% in credit growth and under 3% in bad debts were set as two targets of the province’s banking in 2018.
In 2017, the province’s banking has executed policies on currency, credit, banking as well as solutions to support businesses. Mobilized capital hit VND73,832 billion, increasing by 15.99% over the figure in 2016. Credit balance was VND66,539 billion, 29.06% up. Credit of the whole year was VND128,076 billion, 29% up. From early 2017, credit grew well, supporting the local economic growth. Credit quality was ensured, credit institutions operated safely, bad debt rate was 0.6%.
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Translated by T.T