Agribank Ninh Binh organizes a conference connecting banks and businesses in Gia Vien district

On June 24, the Bank for Agriculture and Rural Development, Ninh Binh branch (Agribank, Ninh Binh branch) held a conference connecting banks and businesses in Gia Vien district.

Conference delegates.

Attending the event were leaders of Gia Vien district, the State Bank of the province, the Provincial Business Association and representatives of more than 100 businesses in the area.

According to the report of Agribank Ninh Binh branch: Since the beginning of the year, although the economic situation has faced many difficulties, Agribank Ninh Binh has effectively implemented customer support programs. As a result, as of May 31, 2024, the total outstanding loans in the area were VND 2,559 billion, of which the outstanding loans for corporate customers were 72 customers, with an outstanding loan of VND 864 billion, accounting for nearly 34% of the total outstanding loans, an increase of VND 44 billion compared to December 31, 2023.

To achieve the above results, Agribank Ninh Binh has applied solutions such as interest and fee exemptions to support customers on the basis of cost reduction and capital mobilization interest rate reduction, contributing to market stability. In particular, short-term loan interest rates are reduced from 0.5%/year to 2.5%/year, medium and long-term loan interest rates are reduced from 0.5%/year to 2%/year.

At the same time, actively deploy credit investment in production, business, priority and consumption sectors; ensure safe and effective credit activities; strictly control credit in potentially risky sectors; create all favorable conditions for enterprises to access bank credit capital.

Continue to effectively implement customer support programs. Since the beginning of 2020, interest rates have been reduced for over 5,640 customers, with outstanding loans of nearly VND 2,880 billion, with interest reduced by VND 11 billion for 58 corporate customers.

In order to promptly meet credit capital for business customers in Gia Vien district, at the conference, Agribank Ninh Binh branch introduced preferential interest rate loan packages such as: Preferential package for small and medium enterprises, cooperatives, business households of 10,000 billion VND, due December 31, 2024. Large enterprise package of 20,000 billion VND. Green sector loan package is 15,000 billion VND, with 6 industries of processing, manufacturing, warehouses, farms for lease, medium and long-term loan terms. Forestry and aquatic product loan package of 8,000 billion VND including production, processing, export, medium and long-term loan terms, the package has an additional incentive of 50% reduction in export payment fees...

Also on this occasion, many businesses asked questions about loan packages regarding procedures and approaches, especially green products, which are the world's trend. These issues were answered by Agribank so that businesses could understand and access them more easily.

The connection conference helps banks gain more customers and businesses gain more loan channels with preferential interest rates to boost production and business development.

Nguyen Thom-Anh Tuan