Agribank Dong Gia Lai prioritizes low-interest capital for production and business

Since the beginning of the year, Agribank Dong Gia Lai has implemented 9 preferential loan programs for individual and corporate customers to develop production and business. With many preferential policies to support customers, especially short-term preferential interest rates from only 4.3%/year, lower than the normal lending interest rate floor, Agribank's credit capital has been actively absorbed by the market.

Agribank Dong Gia Lai credit officer discusses with business representatives about capital needs for agricultural product purchasing activities. Photo: SC

By the end of March 2025, the total disbursement of preferential interest rate loan programs of the Branch was 3,000 billion VND with about 1,600 borrowers. Outstanding loans as of March 31 were 1,600 billion VND, accounting for 11.9% of the total outstanding loans of the entire Branch. This is also a breakthrough that contributes significantly to retaining customers, developing new customers, increasing outstanding loans and increasing the competitiveness of the Branch.

Low lending interest rates are the driving force for businesses to boldly borrow capital to invest in business development. Mr. Le Hong Thinh - Director of Trang Thinh Gia Lai One Member Co., Ltd. (Hamlet 5, Gao Commune, Pleiku City) said: "Businesses both grow coffee, pepper, fruit trees and purchase agricultural products. With the nature of business activities, businesses always need credit capital to support and supplement working capital during peak seasons. Only with low lending interest rates will businesses dare to boldly borrow capital to invest in business, build factories, purchase vehicles and machinery for production."

According to Mr. Thinh, in the context of low lending interest rates as present, in addition to purchasing agricultural products, the Company borrows capital from Agribank Dong Gia Lai to invest in coffee planting and purchase means of transport to meet production and business activities.

For individual customers with short-term capital needs, Agribank Dong Gia Lai applies a lending method based on credit limits to help individual customers be more proactive in production and business. Mr. Duong Van Luan (Group 7, Thang Loi Ward, Pleiku City) said: “My family has 5 sao of land specializing in growing vegetables for retail and wholesale to some small traders, schools, and wedding services. Whenever I need capital to invest in production, I go to the Agribank Transaction Office in the area to complete loan procedures. I see that the loan interest rate is low, suitable for my family's ability and income.”

At the end of the first quarter of 2025, the total capital of Agribank Dong Gia Lai reached VND 11,598 billion, an increase of VND 1,894 billion, an increase of 19.5% compared to the beginning of the year. The total outstanding debt of the unit reached VND 13,424 billion, an increase of VND 352 billion, an increase of 2.69% compared to the beginning of the year. Of which, outstanding debt of corporate customers accounted for 22% and outstanding debt of individual customers accounted for 78% of the total outstanding debt.

Identifying the production and business sector as the driving force for credit growth and credit expansion, Agribank Dong Gia Lai is implementing low-interest credit programs such as: green credit program for individual customers with preferential interest rates from only 3.3%/year; small business financing program to realize big dreams with preferential interest rates lower than the normal lending interest rate floor by up to 1.2%/year and applying normal lending interest rates at a level lower than the market interest rate.

Credit officers of Agribank Dong Gia Lai branch are discussing with customers about the vegetable production situation. Photo: SC

Mr. Tran Quang Tuan - Deputy Director in charge of Agribank Dong Gia Lai - said: "Following the direction of the superiors, the Branch has proactively implemented business solutions in line with market developments, adjusting deposit and lending interest rates according to market signals to ensure competition and harmonize interests between the bank and customers. The implementation of preferential loan programs shows that the level of capital absorption by customers is quite positive".

In the context of key agricultural products such as pepper, coffee, durian maintaining good prices, and abundant deposits in banks, the Branch focuses on credit growth in the production and business sector, prioritizing low-interest credit capital for individual and corporate customers. Agribank Dong Gia Lai strives to have total outstanding loans of VND 14,950 billion by the end of 2025, an increase of 14.4% compared to the beginning of the year. In addition, the Branch strives to maintain mobilized funds at VND 11,500 billion, an increase of 18.5% compared to the beginning of the year.

Source: https://baogialai.com.vn/agribank-dong-gia-lai-uu-tien-nguon-von-lai-suat-thap-cho-san-xuat-kinh-doanh-post318007.html