Pioneer bank implementing customer support policy

Agribank is one of the leading State-owned commercial banks in Binh Thuan, always promoting its pioneering role in implementing monetary policies and policies of the Party and State, especially credit policies serving agricultural and rural development, contributing significantly to the socio-economic development of Binh Thuan province.

Perform well in business and political duties

Agribank Binh Thuan has a transaction network covering the entire province, reaching to Phu Quy island district with 1 provincial headquarters, 14 branches, 7 transaction offices, 1 mobile transaction point by specialized cars with 461 officers and employees. Agribank Binh Thuan province's operations have achieved stable growth in terms of scale, structure and efficiency with total capital reaching over 19 trillion VND, total outstanding loans reaching over 27 trillion VND, of which more than 70% of outstanding loans are always invested in "Tam Nong". Continuing to affirm its position as one of the leading State-owned commercial banks in Binh Thuan, accounting for more than 34% of capital market share, more than 31% of credit market share in the whole province. Agribank always plays a pioneering role, taking the lead in implementing monetary policies and guidelines of the Party and State, especially credit policies for agricultural and rural development, making an important contribution to the socio -economic development of Binh Thuan province. At the same time, it promotes the provision of hundreds of convenient and modern products and services, diversifying capital channels and banking services to meet the needs of people and businesses, promoting the development of non-cash payments.

Customers borrow capital at Agribank.

In the context of many economic difficulties, closely following the direction of Agribank, the State Bank and the policies of the Central Government, Binh Thuan province. With the highest spirit and responsibility, Agribank Binh Thuan province has implemented many solutions, preferential credit packages, strengthening the relationship between banks - enterprises - local authorities - mass organizations to expand access to credit capital for enterprises and people. From there, credit growth is aimed at promptly and fully meeting the credit needs of the economy, directing credit capital to focus on production and business sectors, priority sectors and economic growth drivers according to the policies of the Government and the State Bank. Contribute to joining hands with all levels and sectors to push back the black credit situation, while continuing to affirm the leading role of the State Commercial Bank in providing capital and convenient banking products and services to serve the development of agriculture, rural areas and farmers, actively contributing to the cause of innovation, development and integration of the country and the banking sector in the next stages.

Industrial production loans Photo: Ngoc Lan

Thousands of billions of dong to support customers

In the past time, Agribank Binh Thuan has implemented programs to support customers to overcome difficulties due to the impact of the Covid-19 epidemic as well as post-epidemic support such as: Waiver of interest and fees to support customers affected by the Covid-19 epidemic with a debt structure of VND 1,008 billion in principal and VND 115 billion in interest for 290 customers. Waiver and reduction of interest for affected customers: VND 73 billion/375 customers. Waiver of interest and fees to support customers borrowing capital to overcome difficulties in the recovery period after the Covid-19 epidemic: the amount of interest and fee exemption and reduction is VND 75 billion/476 customers. Agribank Binh Thuan has restructured the debt repayment period and maintained the debt group, according to Circular 02/2023/TT-NHNN, which is VND 2,590 billion/40 customers. At the same time, effectively deploy preferential credit packages for customers associated with the provision of other convenient products and services to attract customers as follows: Preferential loans for export business customers with interest rates reduced by 2 - 2.5% compared to normal lending interest rates with loan turnover in 2023 reaching 52 billion VND. Loans with interest rate support from the state budget for loans of enterprises, cooperatives, and business households according to Decree No. 31/2022/ND-CP, the support level for customers is 2%/year. Loans to encourage the development of high-tech agriculture and clean agriculture VND 290 billion/3 customers. Preferential consumer loans for individual customers who are civil servants, public employees, and workers receiving salaries from the State budget, with interest rates reduced by 0.5% compared to normal consumer loan interest rates, loan turnover to date is over 21 billion VND. Consumer loan program for healthcare workers with interest rate support for customers of 1.5%/year.

Thousands of billions of dong to support businesses in borrowing capital to restore production and business at Agribank.

Mr. Nguyen Huu Cau - Director of Agribank Binh Thuan branch said: The credit activities of Agribank Binh Thuan branch always accompany farmers to create conditions for farmers to have enough capital for production, get rich and rise up in the difficult economic conditions of the country. As of December 31, 2023, the outstanding loans through groups and associations at Agribank Binh Thuan branch were VND 4,805 billion/1,992 groups/41,608 members, accounting for 17.73/total outstanding loans, the loan turnover according to Decree 55 in 2023 was VND 27,186 billion. In addition to business activities, Agribank is also very interested in supporting social security with many projects and sponsorship programs throughout Binh Thuan province; always allocating funds to support the construction of charity houses and comrade shelters; Contribute to funds for the poor, education promotion funds... That not only shows the responsibility of Agribank Binh Thuan province to the community, but also shows the deep gratitude of Agribank Binh Thuan staff and employees to their homeland and country.

Loans for high-tech agriculture. Photo: Ngoc Lan

The achievements and contributions of Agribank in the past time have demonstrated the position of Agribank Binh Thuan in the province. However, entering 2024 with many difficulties, the economy faces many challenges, even when interest rates are stable at low levels, the introduction of preferential credit packages is still very necessary and meaningful for the development of the economy. In that situation, Agribank Binh Thuan, with the support of the Department of Planning and Investment, the State Bank of Vietnam, Binh Thuan branch, Binh Thuan Business Association, Binh Thuan Cooperative Union, etc. Agribank Binh Thuan organized the Trade Conference Program "Connecting businesses - Agribank Binh Thuan" on May 7, with the desire to support more and more customers to access Agribank's preferential capital to restore and develop the economy. To ensure lending activities and support businesses, thereby strengthening bank-customer relations, improving access to credit, policy access and promoting credit growth, contributing to local socio-economic development...

Mr. Phan Thanh En - Director of the State Bank of Vietnam, Binh Thuan branch: Agribank Binh Thuan branch has taken the lead in implementing the Party's and State's policies to support customers facing difficulties such as those affected by the Covid-19 pandemic, difficulties in production and business such as exempting and reducing interest and fees for customers affected by the pandemic. Notably, restructuring debt repayment terms, exempting and reducing interest and fees, and maintaining debt groups according to Circular 01, Circular 03, Circular 14 until June 30, 2022 of the State Bank; 2% interest rate support program for enterprises, cooperatives, and business households according to Decree 31/2022/ND-CP and Circular 03/2022/TT-NHNN with loan turnover supported by interest rates of up to 295 billion VND; restructuring according to Circular 02 is more than 2,500 billion VND.

Source: https://baobinhthuan.com.vn/agribank-ngan-hang-tien-phong-thuc-hien-chinh-sach-ho-tro-khach-hang-118641.html