Agribank Van Chan District Branch, Yen Bai: Many solutions for capital mobilization

YenBai - By December 31, 2024, Agribank Van Chan Yen Bai District Branch had mobilized capital of VND 1,272 billion, an increase of VND 118 billion, an increase of 10.2% compared to the beginning of the year; of which, mobilized residential deposits reached VND 1,195 billion, an increase of VND 69 billion, an increase of 6% compared to the beginning of the year.

Customers come to make transactions at Agribank Van Chan District Branch, Yen Bai

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In 2024, like many other branches in the province, Agribank Van Chan Yen Bai District Branch encountered many difficulties and major challenges, especially in the context of being affected by natural disasters, production and business activities of economic sectors in the area were greatly affected, while agricultural and forestry production activities in the area were affected by unusual weather developments, production areas were mainly small-scale, with few products and low competitiveness.

Furthermore, the economic components in the district have not developed evenly; the capital accumulation capacity of organizations, economic components and individuals is still low; especially Agribank Van Chan Yen Bai District Branch is subject to increasingly fierce competition from other credit institutions in terms of mobilized capital and credit loan supply.

However, with the goal of meeting the capital needs of economic sectors, especially farmers borrowing capital to invest in production, Agribank Van Chan Yen Bai District Branch has proposed many capital mobilization solutions and achieved many results.

By December 31, 2024, Agribank Van Chan Yen Bai District Branch had mobilized capital of VND 1,272 billion, an increase of VND 118 billion, an increase of 10.2% compared to the beginning of the year; of which, mobilized residential deposits reached VND 1,195 billion, an increase of VND 69 billion, an increase of 6% compared to the beginning of the year.

Mr. Cao Ngoc Thanh - Director of Agribank Van Chan Yen Bai District Branch said: "To achieve the above results, from the beginning of the year, the unit has actively implemented capital mobilization forms suitable to the characteristics of the locality; strictly implemented the mobilization interest rates according to each cycle of Agribank regulations. At the same time, promptly deployed products to mobilize savings deposits, competitive interest rate deposits and proactively balanced capital locally; for production households and individuals, agricultural and rural households continued to grow steadily".

Identifying the target of capital growth as a key and important task throughout the time, Agribank Van Chan Yen Bai District Branch has closely followed the direction of the State Bank, of the superior Agribank and market developments; enhanced innovation in style and behavior in capital mobilization, focused on measures to approach and exploit deposits of organizations and individual customers, especially deposits of residents, rural areas, and areas with little competition.

Vuc Tuan Transaction Office staff discuss capital mobilization solutions

Mr. Vu Ngoc Viet - Director of Vuc Tuan Transaction Office shared: By the end of 2024, the total mobilized capital of the Office reached over 474 billion VND. To achieve that result, in recent years, the Office has always improved its transaction style, strengthened customer care activities such as gift promotions, interest rate incentives, reduced payment service fees, opened personal deposit accounts according to new transaction programs with many utilities for customers. Promote mobilization of residential deposits in all localities, especially communes with great potential but not yet fully exploited, exploit customers opening payment deposit accounts of enterprises and cooperatives; focus on developing products and services, especially developing units paying salaries through accounts.

Mr. Pham Dinh Thai in Cat Thinh commune said: Through many years of transactions, it shows that Agribank Van Chan Yen Bai District Branch always does a good job of serving, the style and attitude of the Bank's officers and employees are enthusiastic and thoughtful, so customers feel very secure when depositing savings here.

Along with that, in the past time, Agribank Van Chan Yen Bai District Branch has also fully and promptly implemented capital mobilization promotion programs under the direction of the superior bank. Flexibly apply the competitive mobilization interest rate mechanism in Vietnamese Dong in accordance with the direction of Agribank Yen Bai province at each time. Promote the growth rate of capital sources by assigning specific contracts to each staff, assigning capital mobilization targets to staff; actively and proactively implementing well the mobilization of savings for rewards. Actively seek and introduce customers to buy long-term bonds of Agribank.

Along with determining the target of capital growth as a premise for credit growth and implementing other business targets, Agribank Van Chan Yen Bai District Branch also focuses on enhancing training and improving professional skills and ethics for staff, especially staff receiving and paying deposits; assigning staff to strengthen marketing based on competitive interest rate policies, increasing customer deposits; focusing on improving credit quality, analyzing and evaluating the bad debt situation, strengthening debt classification inspection, enhancing updating and grasping warning information in deposit transactions to have measures to prevent risks...

Thanks to the good performance in capital mobilization, by the end of 2024, the total outstanding debt of Agribank Van Chan Yen Bai District Branch reached over 1,634 billion VND, an increase of 253 billion VND, overdue debt accounted for 0.5%. Thereby, actively contributing to the socio-economic development of the locality, especially lending according to Decree No. 55 of the Government for rural agriculture, gradually shifting the rural economic structure towards commodity production, improving people's lives, creating an important premise in the construction of new rural areas.

Van Tuan

Source: http://baoyenbai.com.vn/12/345892/Agribank-Chi-nhanh-huyen-Van-Chan-Yen-Bai-Nhieu-giai-phap-huy-dong-von.aspx