36 years of making a mark for "Tam Nong"

Not only prioritizing quality capital for the economy, Agribank also promotes the development of diverse modern products and services, applying high technology, continuing to transform the multi-service business model towards the development of a professional, modern bank, with top service quality with the motto "taking customers as the center". Agribank expands connections, signs cooperation agreements with more than 2,300 new partners including corporations, general companies, schools, hospitals, Fintech companies, e-commerce platforms, e-wallets... with the number of transactions reaching over 45 million transactions, the total transaction value reaching 60 trillion VND, actively contributing to the development of non-cash payments, implementing the National Financial Inclusion Strategy, being a bank with outstanding achievements in the digital transformation of the Banking Industry.

Thanks to promoting the strength of the entire system, solidarity, maximum efforts, and synchronous implementation of solutions, Agribank overcame difficulties and grew remarkably, especially in the second half of 2023. By the end of 2023, Agribank's total assets exceeded VND 2 million billion; capital reached over VND 1.88 million billion; total outstanding loans to the economy reached over VND 1.54 million billion, of which over 65% of outstanding loans were for the development of "Tam Nong". The operational safety ratios ensured regulations. Business results achieved efficiency according to the set targets, continuing to be one of the enterprises with the largest contribution to the State budget.

Agribank's reputation and brand continue to be affirmed through the evaluation, recognition and honor of prestigious domestic and international organizations. Fitch Ratings upgraded Agribank's Long-Term Issuer Rating to "BB+" with a "Stable" outlook, equivalent to the national rating. The world's leading brand valuation organization Brand Finance ranked Agribank - Top 10 Vietnamese banking brands in the world's 500 most valuable banking brands...

With outstanding achievements in lending and agricultural economic development, Agribank was honored to be awarded the First Class Labor Medal by the State, continuing to affirm its leading position in the rural agricultural sector in 36 years of construction and development.

In the context of forecasting that the world and domestic economic situation will continue to face many difficulties and challenges, and the banking system's operations will continue to face many complex and unpredictable developments, with the leading role of the State Bank of Vietnam in serving capital investment for the agricultural and rural sector, pioneering in effectively implementing the monetary policy of the Government and the State Bank, in the coming time, Agribank is committed to accompanying people and businesses. Accordingly, Agribank will proactively continue to balance to strive to continue reducing lending interest rates, restructuring debts to support customers, especially businesses; improve and simplify lending procedures to improve access to bank credit capital. At the same time, proactively and flexibly deploy many solutions to promote credit growth, direct credit flows to production and business sectors, priority sectors, and businesses to serve the growth drivers of the economy.

“Continuing the achievements over the past 36 years, the entire Agribank system confidently enters a new phase with a spirit and spirit of competition, ready to successfully implement the Agribank Development Strategy Project to 2025, with a vision to 2030, continuing to affirm its leading role in the agricultural and rural financial market, together with the Groups, Corporations, and Banks in the Central Enterprise Sector, making many important contributions to the country's socio-economic development”, affirmed the Agribank leadership.

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