Outstanding balance grows 5.8 pct in first half: Social Policies Bank
Outstanding balance grows 5.8 percent in first half: Social Policies Bank
As of June 30, Vietnam Bank for Social Policies (VBSP) posted its outstanding balance for the first half of the year at the total of more than 181.76 trillion VND (7.9 billion USD), up 5.8 percent compared to the same period last year.
Transactions at the Vietnam Bank for Social Policies (Photo: VNA)
Hanoi (VNA) – As of June 30, Vietnam Bank for Social Policies (VBSP) posted itsoutstanding balance for the first half of the year at the total of more than181.76 trillion VND (7.9 billion USD), up 5.8 percent compared to the sameperiod last year.
The rate of overdue and charge-off debts made up 0.81percent of the total outstanding balance.
Meanwhile, the VBSP’s outstanding balance for credit programmes assigned by the Prime Ministerexceeded 160.83 trillion VND (6.99 billion USD), meeting 67 percent of the yearlyplan.
The total credit for social welfare reached 189.105 trillionVND (8.32 billion USD) over the period, an annual increase of 7.8 percent.
The credit helpednearly 137,000 people secure jobs and almost 10,000 disadvantaged studentspursue their study. It also contributedto the construction of close to 840,000 clean water and sanitation facilitiesin rural areas, as well as over 14,600 houses for poor families.
The VBSP said ithas followed the directions of the Government and State Bank of Vietnam, andworked closely with relevant agencies and sectors to complete its assignment.
Established in 2012, the VBSP is a non-profit bankoffering full range of financial services to the poor at preferential terms andsubsidised rates.-VNA
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Transactions at the Vietnam Bank for Social Policies (Photo: VNA) 
