30 years of association, support and development
After 30 years of development, Co-opBank (formerly the Central People's Credit Fund) has gradually overcome difficulties and made constant efforts to affirm its role as an effective tool of the State Bank and a focal organization supporting nearly 1,200 people's credit funds (PCFs) to develop safely, stably and sustainably.
With a network of Headquarters, 32 Branches, 66 Transaction Offices; a gradually perfected organizational structure; increasingly improved financial capacity and operational quality, always taking QTDND as the center in all development strategies, Co-opBank has been effectively meeting the capital needs for production, business, services and life of nearly 2 million members nationwide, contributing to limiting "black" credit and promoting local economic development.
In capital regulation, Co-opBank builds a flexible and effective mechanism, connecting capital flows between QTDNDs, promptly meeting seasonal and local capital needs; thereby improving capital usage efficiency of the entire system.
In the field of digital transformation, Co-opBank continues to affirm its role as a reliable support for the QTDND system. The bank has invested heavily in technology platforms, connecting the interbank payment system to nearly 1,000 QTDND; providing services such as 24/7 money transfer, Co-opBank Mobile Banking application, Co-opBank Napas chip card, and especially the first three digital platform products exclusively for QTDND, helping funds quickly adapt to the modernization trend.
In 2023, Co-opBank was honored to receive the "Digital Transformation Organization of the Year" award from the World Association of Credit Union Confederations (WOCCU), recognizing its efforts to promote financial inclusion through technology.
As of June 30, 2025, Co-opBank has total assets of nearly 70 trillion VND; capital mobilization and credit balance have both improved; bad debt ratio is only 0.35%, bad debt coverage ratio is 258.5% - impressive numbers showing the strong transformation of Co-opBank in recent times.
Strategic orientation to enhance development
With a clear mission and vision in the new period, along with the right strategy and high determination, Co-opBank is gradually realizing the goal of becoming a leading bank in the field of community microfinance, actively supporting the People's Credit Fund system, contributing to improving the rural financial system and playing an important role in the socio-economic development of the country.
In the coming time, to develop safely and stably and effectively support the QTDND system of members and customers nationwide, Co-opBank focuses on: Strengthening financial capacity to help ensure effective capital regulation for the QTDND system, supporting the system to operate stably and safely; Focusing on diversifying financial products and services to meet the actual needs of QTDND and customers.
Improve the quality of organizational models and human resources; Invest heavily in information technology infrastructure, develop digital banking solutions. At the same time, strengthen cooperation and expand relations with domestic and foreign financial institutions to learn management experience, access preferential capital sources and develop according to the models of advanced banks in the world.
Bich Dao
Source: https://vietnamnet.vn/co-opbank-30-nam-khang-dinh-vi-the-ngan-hang-cua-cac-quy-tin-dung-nhan-dan-2428063.html
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