GL - According to a report from Quang Ninh Branch of the State Bank, loans from banks in the 2nd Quarter of 2013, increased.
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Thanks to the stabilization of liquidity and capital resources, banks in the locality have reduced interest rates, which are now equal to, or lower, than 15%. Notably, the total credit balance at banks in the locality has increased over the last few months.
To date, the total outstanding credit balance at banks is over 61,500 billion VND, an increase of 1.2% compared to June, and an increase of 5.6% compared to the end of 2012. Particularly, the outstanding balance of short term loans is 29,000 billion VND, while the long-term loan balance is 32,500 billion VND. At the end of July, the total amount of bad debt in the province was 1,500 billion VND, accounting for 2.4% of the total of all balances outstanding.
Translated by Thu Giang
