Agribank is rated at BB, with the highest “Positive” outlook among commercial banks in Vietnam.

This rating is equal to Vietnam's sovereign rating ceiling and is the highest rating among Vietnamese banks rated by Fitch Ratings. Fitch Ratings' rating results are equivalent to Moody's rating results of Ba2. In order to increase transparency and information disclosure, and prepare for equitization, Agribank has hired two international credit rating organizations to simultaneously rate Agribank.

Fitch Ratings emphasizes that Agribank plays an important role in Vietnam's banking system and a strategic role in supporting the development of Vietnam's agriculture with about 14% of the deposit market share and over 40% of the rural agricultural credit market share. Agribank has a large source of mobilized deposits thanks to its strength in its extensive operating network and low concentration risk, with individual deposits always accounting for over 70% of total deposits. The increasing profitability in recent years is the result of restructuring to improve productivity and resolve outstanding issues in asset quality. In addition, revenue from debt recovery after processing has been a significant and stable source of income for the bank in recent years and is expected to continue in the future, Agribank's liquidity is relatively high.

Agribank is ranked at the highest positive growth level among commercial banks in Vietnam, picture 1

As of September 30, 2023, Agribank's total assets reached more than 1.93 million billion VND, capital mobilized from market I was more than 1.73 million billion VND, outstanding loans to the economy reached more than 1.49 million billion VND, pre-tax profit reached 21,860 billion VND. The operating safety ratios met the regulations.

Agribank continues to affirm its brand as a financial institution highly appreciated by domestic and international organizations for its reputation and playing a key role in the financial market in Vietnam with many prestigious titles such as: Certificate of Merit from the Governor of the State Bank of Vietnam for outstanding achievements in digital transformation of the banking industry, TOP10 Largest Enterprises in Vietnam in 2022, TOP 10 Strong Vietnamese Brands 2023, TOP10 Vietnamese Banking Brands in the 500 Most Valuable Banking Brands in the World (according to Brand Finance Ranking 2023), Outstanding International Payment Quality Award in 2022 presented by JPMorgan, Standard Chartered and Wells Fargo banks..."

Agribank is ranked at the highest positive growth level among commercial banks in Vietnam, picture 2.

Agribank is a key bank in investing in agricultural, farmer and rural development, with the investment proportion of "Tam Nong" accounting for over 65% of total outstanding loans. As a 100% state-owned bank, Agribank always plays a pioneering role in seriously and effectively implementing monetary and credit policies to support the economy. Currently, Agribank is effectively implementing many policy credit programs and 03 national target programs on new rural construction, sustainable poverty reduction and socio-economic development in ethnic minority and mountainous areas.

Agribank is currently the bank with the largest retail system in the country with 2,223 branches and transaction offices; 01 branch in Cambodia; 03 representative offices in the Central, Southern and Southwestern regions and more than 3,500 ATMs, including 573 CDMs and Agribank Digital Kiosks. In addition, Agribank has been actively implementing ESG practices, for a green future and sustainable development.

Source