In 2024, Agribank Ha Tinh II Branch sets a target of domestic currency mobilization increasing by at least 11%, credit growth at least 10% and bad debt ratio below 1% of total outstanding debt.
On the morning of January 20, Vietnam Bank for Agriculture and Rural Development (Agribank) Ha Tinh II Branch held a conference to summarize business activities in 2023 and deploy tasks for 2024. |
Conference overview.
In 2023, Agribank Ha Tinh II Branch closely followed the direction of the State Bank and Agribank, proactively adapting to the new situation to promptly come up with appropriate business solutions. The branch's leadership was flexible and decisive in directing and operating to maintain growth: all 6 business plan targets assigned by Agribank were completed and exceeded the plan, the bad debt ratio was below the allowed level, ensuring that the income and benefits of employees in the following year were higher than the previous year and fully paid tax and fee obligations to the State.
By December 31, 2023, the total mobilized capital of Agribank Ha Tinh II Branch reached VND 13,361 billion, an increase of VND 1,689 billion compared to the beginning of the year, an increase of 12.6%, reaching 237% of the plan assigned by Agribank. The branch's total outstanding debt reached 13,813 billion VND, an increase of 1,372 billion VND compared to the beginning of the year, an increase of 11% compared to the beginning of the year, equal to 133% of the central plan. The branch's bad debt ratio as of December 31, 2023 is 0.74% of total outstanding debt (down 12.7 billion VND compared to the beginning of the year and 0.56% lower than the plan assigned by Agribank). Service revenue reached 48.6 billion VND (106.5% of the plan assigned by Agribank, growth rate of 15% compared to 2022). |
In 2023, the branch will spend 8.7 billion VND to carry out social security work in various fields, accompanying the province in implementing national target programs on sustainable poverty reduction and new rural construction...
Mr. Vo Van Nhat - Director of Agribank Ha Tinh II Branch deploys business tasks in 2024.
In 2024, Agribank Ha Tinh II Branch sets a target of domestic currency mobilization increasing by at least 11%, credit growth by at least 10%, overdue debt ratio below 2%/total outstanding debt, bad debt ratio below 1%/total outstanding debt, service revenue increasing by at least 10%; continuing to increase the number of customers, increase market share, develop non-cash payments...
Accordingly, the branch continues to comply with the direction and management of the State Bank and Agribank; does a good job of forecasting, regularly grasps market developments to provide timely, flexible, practical management solutions, ensuring efficiency and sustainable development.
At the same time, focus on capital mobilization, proactively access cheap capital sources, project capital sources; strictly implement credit granting procedures, increase outstanding loans in the first quarter associated with strengthening measures to improve credit quality. Focus on prioritizing loans for agriculture, rural areas and farmers, loans to implement the national goal of building new rural areas; strengthen credit risk management for potentially risky areas, customers with large outstanding loans...
At the conference, the Party Committee and Board of Directors of Agribank Ha Tinh II Branch presented certificates of merit to collectives and individuals who excellently completed their tasks in 2023.
The Party Committee of Agribank Ha Tinh II Branch awarded certificates of merit for excellent performance to Agribank Cam Xuyen Party Cell and Agribank Thach Ha Party Cell.
The Board of Directors of Agribank Ha Tinh II Branch commended the type II branches...
... and reward individuals who have successfully completed business tasks in 2023.
Thu Phuong
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