Agribank North Thanh Hoa: 5-year mark of "Building the foundation"

Over the past five years of establishment and development, Agribank Bac Thanh Hoa has consistently operated efficiently, increasingly affirming its reputation and brand; especially asserting its leading role in lending for agricultural and rural development in the area.

Agribank Bac Thanh Hoa: Five Years of Building a Foundation - Towards the Future Agribank Bac Thanh Hoa accompanies fishermen in Sam Son City to develop the economy .

On November 1, 2019, the Agricultural and Rural Development Bank - North Thanh Hoa Branch (Agribank North Thanh Hoa) officially commenced operations after being upgraded from Agribank Sam Son Branch to a Class I, Grade I branch, directly under Agribank. Agribank North Thanh Hoa comprehensively manages the operations of one head office, seven Class II branches; two transaction offices directly under the head office and twelve transaction offices directly under Class II branches in the province. The branches under Agribank North Thanh Hoa include: Nga Son, Ha Trung, Thach Thanh, Vinh Loc, Hau Loc, Hoang Hoa, and Bim Son.

Agribank's business activities play a leading role in providing 80% of agricultural and rural credit and have achieved impressive growth. After 5 years of establishment and development, the bank now has total mobilized capital of nearly VND 16,600 billion; total outstanding loans to the economy of nearly VND 17,900 billion, service revenue reaching VND 110 billion, and financial results after 5 years reaching VND 666 billion. Currently, the branch has transaction relationships with more than 460,000 customers; including more than 400,000 deposit customers and service users, and more than 60,000 loan customers. Credit capital is delivered to people through coordination with farmers' associations and women's associations, building a system of loan groups in villages and communes, making a significant contribution to job creation, improving people's lives in rural areas, promoting rural development, and socio-economic growth in many localities. Many high-tech production and application models have been formed and replicated, promoting the restructuring of agriculture towards product diversification, application of advanced technology, and improvement of productivity, quality, and value of agricultural products. In addition, during the complex developments of the COVID-19 pandemic and post-COVID-19, Agribank Bac Thanh Hoa implemented flexible, timely, and compliant solutions such as: extending and restructuring loan repayment terms, reducing interest rates for customers, and providing preferential interest rate loans; At the same time, we proactively reduce operating costs and cut profits to support customers in gradually overcoming difficulties and restoring production and business development.

In an increasingly competitive environment, the branch has always identified capital mobilization as its core mission, coupled with continuously providing a diverse range of banking products and services, strengthening infrastructure, investing in modern equipment, and rapidly developing electronic banking services towards digital banking, promoting cashless payments, and facilitating transactions anytime, anywhere for customers. Over the past five years, the branch has invested in and upgraded its technological infrastructure, developed POS and ATM systems, and put into operation the Autobank CDM automated banking system; increasing electronic banking conveniences such as payments via VietQR code, QR code, and connecting online payments between the bank and public service providers such as hospitals and schools... Currently, the branch has opened over 325,000 payment accounts and deployed over 10,000 VietQR points. Implementing automated interest collection for 100% of loan customers and automated principal collection for 40% of loan customers.

Beyond its business achievements, Agribank Bac Thanh Hoa has also dedicated significant resources to social welfare, demonstrating its responsibility as a community-oriented, compassionate, and sharing bank. Over the past five years, Agribank Bac Thanh Hoa has contributed nearly 30 billion VND to social welfare and humanitarian charitable activities, including: supporting COVID-19 prevention and control efforts; donating and handing over numerous social welfare projects; participating in the "more literacy, less poverty" program by donating bookshelves and teaching equipment to many schools; and donating tens of thousands of saplings to local communities.

Agribank Bac Thanh Hoa also consistently pays attention to the activities of its affiliated organizations. The Party organization is always prioritized for development, demonstrating the Party's comprehensive leadership and guidance in the unit's development activities. Cultural and sports activities, photo contests, professional competitions, and learning about banking operations have attracted the participation of a large number of cadres and employees throughout the branch. The youth union movement is also strongly promoted by Agribank Bac Thanh Hoa. The Agribank Bac Thanh Hoa Youth Union always demonstrates youthful enthusiasm and proactively plays a leading role, thereby contributing to promoting the Agribank brand to the community...

Recognizing the significant achievements and contributions of Agribank Bac Thanh Hoa, the Prime Minister, the Provincial People's Committee, the State Bank of Vietnam, and the Agribank leadership have awarded numerous prestigious prizes to the branch's collective and individuals. In 2020, the branch won second prize in the North Central region; in 2021, it won first prize as a Type I, Grade I branch; in 2022, it won second prize nationwide and was honored to receive the Government's Emulation Flag; and in 2023, it won third prize throughout the entire system.

Over the past five years since its establishment and development, Agribank Bac Thanh Hoa has continuously grown in both scale and quality of operations. The branch has not only laid a solid foundation, creating strong momentum for the years to come, but has also affirmed the correctness and creativity of its business practices, allowing the leadership team and employees to proudly "look towards the future," contributing to building and maintaining the Agribank brand as a modern bank, enhancing competitiveness in the era of international economic integration, and fulfilling its noble mission: "Bringing prosperity to customers."

Text and photos: Khanh Phuong

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