In the context of integration, the credit and banking sector has been expanding, with the people's credit system having many opportunities for development. In order to take advantage of the opportunities, overcome the difficulties posed by the requirement of the people's credit fund system to have sustainable development solutions.
Many indicators increase
According to experts, in the first nine months of 2018, the financial market still has many risks, the high risk of inflation, the price of gold, exchange rate fluctuations have had a strong impact on financial policies, currency and psychology of depositors. In order to maintain stable growth momentum, from the beginning of the third quarter, many credit institutions have stepped up capital mobilization through policies of promoting and mobilizing interest rates ... creating strong competition in the market.
Trading activities at Phu Hoa People's Credit Fund (Thu Dau Mot city). Photo: Thanh Hong
The report of the State Bank of Vietnam - Binh Duong Branch shows that in the first nine months of 2018, under the direction of the State Bank of Vietnam, local authorities at all levels, together with the efforts of the fund officials and employees people's credit, the operation of people's credit funds in the province is relatively stable, growth in the basic indicators. Specifically, the total outstanding loans of people's credit funds in the province reached over 1,066 billion, up 3.69%; Charter capital increased 2.07%; Business results increased 11.5% over the same period last year.
According to the State Bank of Vietnam - Binh Duong Branch, in the past three quarters, in general, people's credit funds in the province have grown to meet the political objectives of the Party and the State on credit funds. people. Although some indicators such as the total number of members of the provincial credit management system decreased 5.83%, the total capital decreased by 1.49%, the loan capital decreased by 30.51% over the same period last year but this is the decline. Decrease by market factor. It is important that people's credit funds in the province follow the development goals, lending products.
As for the mobilization of capital, since the beginning of the year, people's credit funds in the province have focused on the growth of capital mobilization among members, towards stable and sustainable growth. to diversify lending products, develop lending products in line with practical needs of members, and well carry out the work of controlling and dealing with bad debts. As a result, people's credit funds in the locality are profitable, activities are growing and have good control.
Improve operational quality
According to the evaluation, despite efforts and good results in the operation, people's credit funds in the area still have limitations to overcome. In particular, people's credit funds have not yet grasped the purpose and significance of transitional work and the restructuring of people's credit funds, so the implementation of progress is slow compared with the requirements set; The management and control of some people's credit funds have not been clearly assigned and management documents have not been issued to control the operation of the unit.
At the same time, some people's credit funds have not balanced well between the mobilized capital and lending, so it has had some effects on the performance of people's credit funds and business results. Particularly for the control and handling of bad debts, there are people's credit funds have not applied various measures to deal with bad debts, especially applying the mechanism of handling bad debts under Resolution 42 of the National The cause of these restrictions was pointed out by the State Bank - Binh Duong Branch as the sense of observance of laws and regulations of the State Bank of Vietnam's officials and employees at some people's credit funds. Not serious, still violate professional rules and procedures. Some people's credit funds in the area by the management of family credit is family-friendly, familiar feelings and respect in the work should lead to weaknesses. In addition, the management of the board at some people's credit funds are lacking, not issued the internal regulations to control risk.
Asserting the important role of the people's credit fund system, the leadership of the State Bank of Vietnam - Binh Duong Branch, said that in the coming time, people's credit funds need to be more aware of the operation model of the People's Credit Fund. People's Credit Fund is a cooperative economy in the banking sector. Therefore, people's credit funds should continue to attach importance to the growth of capital mobilization among members, aiming for stable and sustainable growth, ensuring the objectives, principles and principles of operation of people's credit funds. The address is red, bringing the capital of member service members. This is one of the policies contributing to macro-economic stability, in line with the Party's and State's policies, pushing out shark loans, mobilizing both internal and external forces to develop the country.
Leaders of the State Bank of Vietnam - Binh Duong Branch also noted that in the remaining months of 2018, people's credit funds should implement well the solution between mobilizing capital and outstanding loans for growth. debt and improve business efficiency. People's Credit Funds also need to control bad debt, credit quality, and actively recover loans to improve capital business performance and credit quality.
Reported by Thanh Hong – Translated by Vi Bao
