In 2021, although the Covid-19 epidemic greatly affected operations, the banking of Khanh Hoa province fulfilled its tasks and maintained growth.
In 2021, although the Covid-19 epidemic greatly affected operations, the banking of Khanh Hoa province fulfilled its tasks and maintained growth. Branches of credit institutions in the province continued to diversify capital mobilization products to attract idle capital in the population. At the end of December 2021, the province's capital mobilization reached 97,168 billion VND, an increase of 8,847 billion VND compared to the beginning of the year (an increase of 10.02%). This is a good growth as the epidemic made negative effects on the province.
The branches of credit institutions also quickly put capital flows into production and business, focusing on priorized areas, promptly and fully meeting the capital needs for socio-economic development of the province, especially supporting the recovery affected by the Covid-19 epidemic. By the end of December 2021, outstanding loans reached VND 102.090 billion, an increase of VND 5,202 billion (an increase of 5.37%) compared to the beginning of the year. Loan sales for the whole year of 2021 reached VND 132,453 billion, up 6.73% over the previous year.
According to Nguyen Hoai Chieu - Director of the State Bank of Khanh Hoa Branch, the most outstanding result of the banking in 2021 was removing difficulties for 5.437 customers with a total structured debt value of 12,397 billion VND.
In 2021, the bad debt ratio of banks in the province was 1.31%, which was in a safe threshold. Non-cash payment and electronic payment also recorded high growth, with the number of payment transactions via the Internet increasing by 174.3%; payment transactions via mobile phones increased by 158%; payment via ATM increased by 11.78%... People's credit funds operated stably and safely, developed and profitable.
In 2022, Khanh Hoa banking industry sets a target of increasing credit balance by about 14% compared to the end of 2021, flexibly adjusting to suit developments and actual situations; bad debt ratio below 3%.
Le Huu Hoang - Standing Vice Chairman of Provincial People's Committee directed that in 2022, the banking industry need implement drastic and practical solutions to support people and businesses, especially small and medium-sized enterprises as well as enterprises heavily affected by the Covid-19 epidemic. At the same time, the banking need effectively implement the plan for digital transformation by 2025, with orientation to 2030 and the project on development of non-cash payment in the province in the period of 2021 - 2025; and promote administrative reform.
Mai Hoang
Translated by T.T
