Member of the Board of Members, General Director of Agribank Pham Toan Vuong chaired the meeting of the Steering Committee for handling problem debts, term III, 2023.
Attending the meeting were members of the Board of Members, Deputy General Director, members of the Steering Committee for handling problem debts and leaders of several branches.
Speaking at the meeting, Comrade Pham Toan Vuong - General Director of Agribank, Head of the Steering Committee for handling problematic debts at the headquarters emphasized that debt handling and collection is a particularly important task in the bank's business activities, contributing to ensuring operational safety.
The Party Committee of Agribank has issued a specialized Resolution on bad debt settlement. On that basis, the Board of Members and the Executive Board direct and propose policies and tools to support units in debt settlement and recovery, along with policies to support customers facing difficulties to have conditions to repay bank loans.
At the headquarters and branches, Steering Committees for handling problem debts have been established. Since the beginning of 2023, the Board of Members and the Executive Board have organized many specialized working programs for branches in each region to discuss, exchange, promptly remove difficulties and obstacles, determined to complete the planned targets on debt handling and collection, contributing to ensuring credit quality.
The General Director of Agribank assessed that some units have made remarkable efforts in debt handling and recovery, which have been monitored and urged by the Steering Committee for Problem Debt Handling at the Head Office. Besides positive results at some units, there are still branches with limitations in this work.
To complete the task of debt settlement and collection in the last 2 months of 2023, General Director Pham Toan Vuong proposed to improve the sense of responsibility and thoroughly implement discipline in the units. In addition to the responsibility of each Branch, the Debt Settlement Steering Committee at the Head Office focuses on analyzing and proposing the most effective solutions for each loan and each customer, to achieve the highest goal of ensuring credit quality.
The General Director of Agribank emphasized that, in parallel with debt collection, credit growth also needs to be promoted but must ensure safety, contributing to the completion of business plan targets, effective operations, and continuing to have conditions to deploy solutions to actively support the economy to recover and grow after the impact of the Covid-19 pandemic.
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