Lao Cai's outstanding credit balance reaches nearly 68,600 billion VND

Up to now, the total mobilized capital in the province has reached VND 54,320 billion, an increase of VND 3,105 billion (up 6.1%) compared to December 31, 2024, of which, residential deposits reached VND 42,219 billion, an increase of VND 2,095 billion; payment deposits reached VND 12,100 billion, an increase of VND 1,013 billion.

Outstanding loans reached nearly VND 68,600 billion, an increase of VND 4,219 billion (up 6.6%) compared to December 31, 2024, of which short-term outstanding loans reached VND 37,074 billion, an increase of VND 2,050 billion; medium and long-term loans reached VND 31,526 billion, an increase of VND 2,170 billion.

Credit in Lao Cai continues to be prioritized for key economic sectors and areas including: Industry and construction, trade - services, agriculture - forestry - fishery, agriculture - rural areas, import - export enterprises, business households and cooperatives...

In particular, in the first months of the year, the interest rates of banks in the province remained low, helping businesses, business households and cooperatives reduce borrowing costs, thereby expanding production and business activities. Therefore, credit quality was guaranteed, with the bad debt ratio at about 1% of total outstanding loans.

Source: https://baolaocai.vn/du-no-tin-dung-cua-lao-cai-dat-gan-68600-ty-dong-post403490.html