Quang Nam: More than 48,000 poor, near-poor, and policy beneficiaries receive loans for economic development
On the afternoon of January 10, Vice Chairman of the Provincial People's Committee Tran Anh Tuan - Head of the Board of Directors of the Provincial Bank for Social Policies chaired a meeting to listen to the report on the results of the Board of Directors activities in 2024 and deploy tasks in 2025.
In 2024, the work of perfecting the members of the Board of Directors at all levels was carried out by regulations. The total number of members of the Board of Directors at all levels was 439. During the year, the correct number of meetings was organized according to regulations. The inspection and supervision work of the Board of Directors was focused on, reaching 100% of the plan.
The total source of policy credit by December 31, 2024 reached more than 8,000 billion VND, an increase of 9% compared to the beginning of the year. Total lending turnover reached 2,600 billion VND with more than 48 thousand poor households, near-poor households and other policy beneficiaries receiving loans.
Credit quality has improved, the whole province has 18/18 transaction offices classified as good credit quality. Total overdue debt and debt foreclosed at all branches is more than 14.7 billion VND, accounting for 0.18% of total outstanding debt.
During the year, the Provincial Social Policy Bank also completed risk records for objective reasons to submit to competent authorities for 302 items, which totaled more than 6.4 billion VND.
Speaking at the conference, Vice Chairman of the Provincial People's Committee Tran Anh Tuan highly appreciated the achievements of the Provincial Social Policy Bank in 2024. To further promote the effectiveness of policy credit capital, Vice Chairman of the Provincial People's Committee Tran Anh Tuan requested the entire branch to continue to focus on organizing and implementing well the outstanding debt plan targets of preferential lending policy credit programs of the Central and local governments, ensuring the right beneficiaries. Proactively monitor due debts, do not leave capital stagnant, and ensure excellent completion of assigned monthly targets.
Closely coordinate with local Party committees, authorities, and socio-political organizations entrusted to synchronously implement solutions to consolidate and improve credit quality, etc. Striving to reach VND 8,780 billion in total outstanding debt in the province by December 31, 2025.