Maintain the leading role in investment for agriculture and rural areas

(Baothanhhoa.vn) - Carrying out the mission of serving farmers, branches of the Bank for Agriculture and Rural Development (Agribank) in the province always prioritize capital sources, effectively implement credit programs for agricultural and rural development, contributing significantly to the transformation and restructuring of the agricultural sector, building new rural areas and improving income and quality of life of the people.

Agribank branches develop many products and services to help customers make convenient payments.

Mr. Le Van Truong in Dinh Huong Industrial Park - Tay Bac Ga (Ham Rong Ward) said: "Thanks to the loan from Agribank Thanh Hoa , my family has built a business distributing sanitary equipment and construction materials with a revenue of nearly 50 billion VND/year, creating jobs with stable income for 20 workers. With Agribank, in addition to quick procedures and competitive interest rates, we also feel the closeness and friendliness in transactions and services."

It is known that Mr. Truong is a traditional customer of Agribank Thanh Hoa. Since starting his business with a capital of only a few hundred million VND, he has now been lent a loan of 4 billion VND by Agribank Thanh Hoa.

Agribank branches are currently providing more than 200 convenient banking products and services, actively contributing to the development of the non-cash payment market, improving access to banking services for the economy , especially in the agricultural and rural areas. In order to make focused, targeted, and highly effective investments, banks always closely follow the socio-economic development orientation of the province; effectively perform their role as a bridge, bringing economic development policies in general, and agricultural and rural economy in particular, into life. Pioneering in implementing credit policies to serve agricultural, rural and farmer development, Agribank branches have been making positive contributions to the process of economic restructuring, job creation, income increase, and improvement of people's quality of life.

Maintaining the leading role in investment for agriculture, rural areas, farmers and priority areas under the direction of the Government and the State Bank, such as lending under Decision 67 and Decree 55 of the Government on credit policies for agricultural and rural development. At the same time, information and propaganda work has been strengthened to help people and businesses grasp the mechanisms and policies related to bank credit activities. In which, the following policies have been fully and promptly implemented: Restructuring debt repayment terms, considering exemption and reduction of loan interest, continuing to provide new loans... to support customers affected by the epidemic to restore production and business activities, thereby creating momentum for economic growth.

Currently, the total outstanding loans of Agribank branches in the province have reached more than 72,000 billion VND. Of which, outstanding loans for the agricultural sector account for nearly 90% of the total outstanding loans. The bank's capital has created conditions for hundreds of thousands of farming households to invest in developing production and business; exploiting local potential, maintaining and promoting the development of craft villages and traditional industries, creating new jobs and improving income and living standards. In order to create conditions for customers to reduce costs, invest in production and business effectively, from the beginning of 2025, banks have implemented preferential credit programs for many target groups, focusing mainly on the fields of import and export, production, business, small and medium enterprises; expanding consumer loans and supporting business households. At the same time, banks proactively adjust lending interest rates down, implementing credit programs with lending interest rates 1-3% lower than normal interest rates to encourage and support customers to use capital.

Along with lending, Agribank branches in the area also focus on developing many products and services, helping customers access modern and convenient payment services; opening non-term deposit accounts, payment accounts, issuing ATM cards, paying salaries via card accounts, developing Mobile banking, E-Mobile banking, Internet banking service groups; domestic electronic money transfer services, foreign currency trading, remittance payments...

Firmly committed to the goal of serving agriculture and rural areas, Agribank branches in the province are committed to continue to be proactive, fully prepare capital to meet the demand for agricultural and rural loans, pay attention to innovating lending methods, improving processes, simplifying lending procedures, saving lending costs to reduce lending interest rates to support customers, and implementing social security policies well to contribute more to the development of agriculture and rural areas. In particular, focusing on lending to priority areas: Agricultural and rural development; small and medium enterprises; export processing; high-tech industry; supporting industrial production...

Article and photos: Duc Thanh

Source: https://baothanhhoa.vn/giu-vung-vai-tro-chu-luc-dau-tu-cho-tam-nong-260145.htm