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Over VND40,865 Billion of Capital Raised in The Province in The First Six Months

According to report by State-owned Bank branch in Dong Nai, the performance of commercial banks across the province in the early months of 2010 gets really hard as the growth rate of raising deposits and loans falls over the same period last year.

HTML clipboard     By the end of May, 2009, raised capital increased 9.62% compared with the early 2009 while by the end of May, 2010 was only up 3.25% compared with the earlier this year; the outstanding loans, as of May 31, 2009, went up 18,92% over earlier this year, by the end of May 2010 only up 6.09% compared with early 2010.

   

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    The total capital raised in the province has reportedly reached VND40,865 billion by June 10, 2010, up 0.02% compared with May 31, 2010 and up 3.27% compared with late 2009, mainly an increase in personal deposit source. Deposits of economic organizations drop by 2.95% compared with late May 2010 and by 13.91% compared with late 2009. The reason is that the economic organizations are focusing their capital on production.

    Loan amounts in the province hit VND39,051 billion by June 10, 2010, up 0.06% compared with May 31, 2010 and up 6.16%  compared to late 2009.

    Outstanding medium and long term loans reaches VND12,755 billion, accounting for 32.6% total outstanding loan, up 0.34% compared with May 31, 2010 and up 9.47% with late 2009. The foreign currency loans reaches VND7,861 billion, down 7.46% compared to late previous month and up 36.5% from early 2009.

    In particular, loans to export-import field represent 34.4% of total outstanding loans in the province. Loans to property sector account for 10.3%. Outstanding loans via agreement to daily life demands and via the issuance and use of credit cards make up 7.34%. Loans to rural, agricultural purposes account for 12%. And loans to small and medium-sized enterprises occupy 26.3% of total outstanding loans in the province.

    Credit quality: By the end of May 2010 total outstanding of “group 2-5” of credit institutions located in the province has reached VND2,674 billion, making up 6.85% of total loans, up 0.32% compared to last month. Bad debts (group 3-5) are VND799 billion, accounting for 2.05% of total outstanding loans (up 0.47% over the previous month), in which the amounts unlikely to return represent VND408 billion, occupying 1.05 % of the total outstanding loans.

L.H (Thanh Minh)

Author: phongvien

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