Vietnam Bank for Social Policies holds first trading session after merger

Commune transaction is the way of organizing transactions of the Social Policy Bank with customers at the Transaction Point located in the commune-level administrative unit, performing arising operations for related customers, organizations and individuals, such as: collection and payment transactions in credit operations; collection and payment transactions in deposit operations of members of the Savings and Credit Group; savings mobilization operations, etc.

The operation of the Transaction Points aims to create conditions for people to access social policy credit capital in the most convenient, safest and most effective way; instead of people having to go to the Social Policy Bank Headquarters every month, the Social Policy Bank organizes transactions at the Commune Transaction Points to serve the People, helping to reduce time, travel costs and minimize risks for people...

According to initial assessment, at the Transaction Points on the first day after the provincial merger, the transaction activities: disbursement, debt collection, deposit/withdrawal of people's savings took place smoothly. During the transaction session, the debt collection at the Commune Transaction Points fluctuated from 200 million to 1.2 billion VND; interest collection reached 100 to more than 400 million VND, savings collection from a few dozen to more than 400 million VND, loan disbursement from 75 million to one billion VND, principal collection of more than 200 million VND...

It is known that after merging 3 provinces (Lam Dong, Binh Thuan , Dak Nong), the Lam Dong Provincial Bank for Social Policies Branch has a scale of: total capital reaching 17,869 billion VND, of which the capital entrusted for investment in the locality reaches 2,000 billion VND; Total outstanding debt is 17,395 billion VND/289,725 loan customers... The new Lam Dong Provincial Bank for Social Policies Branch has 1 head office, 27 Transaction Offices; at the same time, it still maintains the model of 329 Commune Transaction Points, with 6,460 Savings & Loan Groups in 124 communes, wards and Phu Quy special zone.