Since the beginning of the year, the domestic economy in general, and Ninh Binh province in particular, has faced many difficulties and challenges. The global situation is volatile and unpredictable, affected by the COVID-19 pandemic and conflicts between countries, with high global inflation and tight monetary policies in some countries.
Domestic economic sectors are facing numerous difficulties in their production and business activities, particularly those in real estate, construction, import-export, garment, and fuel industries. The disruption to production, supply, and consumption chains has impacted the overall economy and the banking sector in particular.
In light of this situation, from the beginning of the year, Agribank's Ninh Binh provincial branch has closely followed the direction and guidance of the State Bank of Vietnam, the Party Committee, the Board of Members, and the Executive Board of Agribank, which is to continue managing the credit structure while controlling and improving credit quality, in accordance with the branch's management capabilities.
Implement credit policies focused on concentrating capital for production and business, reducing costs, and lowering lending interest rates to support customers. Prioritize investment in credit growth for small and medium-sized enterprises (SMEs), lending to priority sectors, especially essential sectors and industries severely affected by the pandemic. Implement solutions to restructure repayment terms, waive or reduce interest and fees, and maintain the same debt classification as directed by the Government and the State Bank of Vietnam.
As of September 15, 2023, total capital amounted to VND 7,912 billion, an increase of VND 518 billion compared to the beginning of the year. Total outstanding loans reached VND 10,846 billion, an increase of VND 96 billion compared to the beginning of the year. Of this, outstanding loans to corporate clients (117 clients) totaled VND 3,844 billion, accounting for 35.4% of total outstanding loans, a decrease of VND 192 billion compared to the beginning of the year.
According to Mr. Pham Vuong Duc Anh, Deputy Director of Agribank Ninh Binh branch, in order for Agribank Ninh Binh branch to always "accompany and develop" with businesses, over the years, Agribank Ninh Binh branch has always done well in three basic areas: ensuring loan capital, reforming administrative procedures, and improving the quality of its credit officers.
Specifically, loan capital resources are always guaranteed by the bank, promptly meeting the needs of businesses at any time; loan procedures have been greatly simplified by Agribank's Ninh Binh provincial branch, while ensuring the necessary conditions and compliance with legal regulations.
Agribank's Ninh Binh branch directs its credit officers to quickly and thoroughly assess loan applications and projects from businesses, ensuring timely disbursement. Delays or prolonged assessment periods for loan applications and projects can cause businesses to lose investment and production development opportunities.
Mr. Pham Vuong Duc Anh further stated: "With the motto that customers' operations are smooth, efficient, and increasingly developing, this will contribute to the bank's further development. Therefore, during its operation, Agribank Ninh Binh branch always pays attention to, accompanies, and promptly shares with customers when they face difficulties, supporting their production and business activities effectively and gradually recovering."
From 2020 to the present, Agribank's Ninh Binh provincial branch has implemented a comprehensive set of solutions, addressing difficulties and offering preferential credit programs to support customers affected by the COVID-19 pandemic.
Specifically, 116 customers had their loan repayment terms restructured, interest and fees waived or reduced, and their loan classification remained unchanged, with a total outstanding debt of VND 2,205 billion. Interest was waived or reduced for 21,306 customers, with an outstanding debt of VND 11,976 billion, and the total amount of interest waived or reduced being VND 40.8 billion.
In accordance with Government Decree 31/2022/ND-CP on interest rate support from the State budget for loans to enterprises, cooperatives, and business households, the bank has provided interest rate support to 13 customers, with a loan volume of 21,640 million VND and interest support amount of 184 million VND.
As a regular and long-standing customer of the branch, Mr. Dinh Quoc Chien, Director of Tien Dung Paper Co., Ltd., said: "Agribank is not only a partner but also a companion that has accompanied the company throughout its journey of starting up and developing to where it is today."
Particularly during the period affected by the COVID-19 pandemic, the company also faced difficulties but received support from the bank in the form of reduced interest rates, debt deferral, and streamlined loan procedures.
Thanks to Agribank's loan capital, our company has been able to seize opportunities, boost production and business, and expand our market. Agribank will always be a beloved and trusted partner for the people and businesses, chosen for cooperation and mutual development.
In order to continue supporting and sharing with businesses, Agribank's Ninh Binh branch recently organized a networking conference between Agribank and businesses. The aim was to listen to feedback on the bank's lending activities from associations, organizations, and members, and to jointly address difficulties and obstacles, proposing solutions to strengthen and promote credit growth for corporate customers in Ninh Binh province. The conference also included the introduction of products, services, and preferential loan programs for corporate customers.
At the conference, representatives from various businesses exchanged ideas, discussed, and proposed suggestions to further strengthen cooperation between the two sides in the future, as well as to develop more flexible policies in their business transactions.
Text and photos: Tien Dat
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