(HBO) – The Bank for Agriculture and Rural Development in Yen Thuy district, Hoa Binh province, simplified lending procedures, reformed lending model and methods and coordinated with communes, towns, associations of farmers and women, and other socio-political organisations to roll out favourable lending methods during the first quarter of this year.

At the same time, the bank observed instructions by the Government and the State Bank of Vietnam regarding interest rate management and incentives towards clients, thus promoting the driving role of bank credits in local economic growth.

The bank’s total mobilised capital in the quarter reached 984 billion VND, completing 99.2 percent of the set target. Of the sum, deposits accounted for 61.5 percent, up 23.6 percent year-on-year to 606 billion VND.

Entrusted capital was 19 billion VND and capital mobilised from higher-level banks stood at 359 billion VND./.

 

 

 

 


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