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Shandong sees steady increase in housing provident fund withdrawal

2019/1/22 12:01:03   source:sdchina.com

Recently, the Housing and Urban-rural Development Department of Shandong Province released the running situation of the province's housing provident fun. In 2018, Shandong withdrew 84.81 billion yuan in total of the housing provident fund, up 19.1 percent year on year, and issued 61.66 billion yuan of personal loans for housing provident fund, with a 6.4 percent year-on-year reduction.

In 2018, the scope of employees benefiting from the provident fund system in the province was further expanded. The number of depositors in Shandong increased by 1.093 million last year with 119.72 billion yuan of new deposits, up 7.9 percent and 14.9 percent year on year respectively.

By the end of December of 2018, the housing provident fund totaled 805.5 billion yuan and the balance 344.87 billion yuan.

The withdrawal of housing fund increased steadily in Shandong last year. A total of 84.81 billion yuan was set aside for the housing provident fund, up 19.1 percent year on year. By the end of December, a total of 460.63 billion yuan had been withdrawn, accounting for 57.2 percent of the total amount collected.

The risks of provident fund were well controlled. The annual income of housing provident fund business was 10.59 billion yuan and business expenditure was 5.462 billion yuan in 2018, bringing 5.128 billion yuan value-added income. The overdue rate of individual loans for housing provident fund was 0.29‰.

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