Ngân hàng tín dụng
Definition
- Proper Noun (Historical Institution):
- Credit Bank: A specific type of agricultural credit cooperative in colonial French Indochina. It pooled capital and borrowed funds from the Banque de l'Indochine (Indochina Bank) at an annual interest rate of 6%, then re-lent this money to local landowners at 10% annual interest, using their land as collateral.
Usage Examples
- Proper Noun:
- Ngân hàng tín dụng đã mở rộng hoạt động ra nhiều tỉnh. (The Credit Bank expanded its operations to many provinces.)
- Nhiều chủ điền đã vay vốn từ Ngân hàng tín dụng. (Many landowners borrowed capital from the Credit Bank.)
Advanced Usage
- This term refers specifically to a historical financial system. In modern contexts, the generic terms for bank are "ngân hàng" and for credit is "tín dụng," but "Ngân hàng tín dụng" as a proper noun is not used for contemporary financial institutions.
Variants and Related Words
- Hội nông tín tương tế bản xứ (n): The Indigenous Mutual Agricultural Credit Society, the original name from 1913.
- Hội Nông tín bình dân / Nông phố ngân hàng (n): The Popular Agricultural Credit Society, the name used from 1927.
- Đông Dương Nông tín tương tế cuộc (n): The Indochinese Office of Mutual Agricultural Credit, the overarching governing body established in 1933.
Synonyms
- Agricultural Credit Cooperative: An institution providing credit to farmers.
- Colonial Credit Institution: A bank operating under the colonial administration.
Related Concepts
- Banque de l'Indochine (Banque de l'Indochine): The central bank of French Indochina that funded the Credit Banks.
- Usury / Lending: The practice of lending money at interest, central to this institution's function.
