Agribank Ninh Binh Province Branch Always Accompanying Businesses

Since the beginning of the year, the domestic economic situation in general and in Ninh Binh province in particular have faced many difficulties and challenges. The world situation has been complicated and unpredictable, affected by the COVID-19 pandemic and conflicts between countries, high global inflation, and tight monetary policies in some countries.

Production and business activities of domestic economic sectors are facing many difficulties, especially for enterprises operating in the fields of real estate, construction, import-export, garment, fuel, etc. The affected production, supply and consumption chains have impacted the business activities of the economy in general and the banking sector in particular.

Faced with that situation, from the beginning of the year, Agribank Ninh Binh branch has closely followed the direction and guidance of the State Bank, the Party Committee, the Board of Members and the Executive Board of Agribank, which is to continue to manage the credit structure associated with control and improve credit quality, in accordance with the branch's management capacity.

Implement credit policies in the direction of focusing capital on production and business, reducing costs, reducing lending interest rates to support customers, prioritizing investment in credit growth for small and medium-sized enterprises, lending to priority sectors, especially essential sectors, industries that have been severely affected by the epidemic... Implement solutions to restructure debt repayment terms, waive and reduce interest and fees, and maintain debt groups according to the direction of the Government and the State Bank.

As of September 15, 2023, the total capital source was 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 which, outstanding loans to corporate customers (117 customers) were 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.

In order for Agribank Ninh Binh branch to always "accompany and develop" with businesses, according to Mr. Pham Vuong Duc Anh, Deputy Director of Agribank Ninh Binh branch: Over the years, Agribank Ninh Binh branch has always done well in 3 basic issues, which are ensuring loan capital, reforming administrative procedures and improving the quality of credit staff.

Specifically, the loan capital resources are always guaranteed by the bank, promptly meeting the needs of enterprises, at any time; the loan procedures have been greatly simplified by Agribank Ninh Binh branch, on the basis of ensuring the necessary conditions and in accordance with the provisions of law.

The Agribank Ninh Binh branch has directed credit officers to quickly and reliably appraise the loan application and project of the enterprise, and promptly disburse the loan to the enterprise. If there is a delay or prolongation in the appraisal of the loan application and project, the enterprise will lose the opportunity to invest and develop production.

Mr. Pham Vuong Duc Anh added: With the motto of customers operating smoothly, effectively and increasingly developing, it will contribute to the development of the bank's operations. Therefore, in the process of its operations, Agribank Ninh Binh branch always cares, accompanies and promptly shares when customers encounter difficulties, supports customers' production and business activities effectively and gradually recovers.

From 2020 to present, Agribank Ninh Binh branch has implemented synchronous solutions, removed difficulties as well as preferential credit programs to support customers affected by the COVID-19 epidemic.

Specifically, 116 customers had their debt repayment terms restructured, interest and fee waived or reduced, and their debt group maintained 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 amount of interest waived or reduced was VND 40.8 billion.

Implementing Decree 31/2022/ND-CP of the Government on interest rate support from the State budget for loans of enterprises, cooperatives, and business households. The Bank has supported interest rates for 13 customers, loan turnover is 21,640 million VND, supported interest is 184 million VND.

As a regular and long-term customer of the branch, Mr. Dinh Quoc Chien, Director of Tien Dung Paper Company Limited said: Agribank is not only a partner but also a companion with the Company throughout the journey of starting a business and developing today.

Especially during the period affected by the COVID-19 epidemic, the Company also encountered difficulties and was supported by the bank to reduce interest rates, extend debt, and quickly resolve loan procedures.

Thanks to the loan capital from Agribank, our company has been able to seize opportunities, boost production, business, and expand the market. Agribank will always be a beloved and trusted address for people and businesses to choose to cooperate and develop together.

In order to continue to accompany and share with businesses, recently Agribank Ninh Binh branch organized a conference connecting Agribank with businesses, hoping to listen to opinions on the bank's lending activities from the Association, Associations and members, on that basis to jointly remove difficulties and obstacles, propose solutions to strengthen, promote and cooperate in credit growth for business customers in Ninh Binh province. At the same time, introduce products, services, and preferential loan programs for business customers.

At the conference, representatives of businesses exchanged, discussed, proposed ideas and recommendations so that in the coming time, the cooperation between the two sides will be increasingly close and have flexible policies in trading activities.

Article and photos: Tien Dat

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