What helped Agribank Ha Tinh Branch win 3rd prize in the whole system?

Agribank Ha Tinh Province Branch excellently won 3rd prize in the entire Agribank system with more than 170 affiliated branches nationwide in implementing the 2023 business tasks.

Mobilized capital reached 21,640 billion VND

In 2023, the business community, cooperatives, and people in the area faced many difficulties that greatly affected banking activities in general and Agribank Ha Tinh Branch in particular. However, with the dynamic, creative, drastic, and effective management of the Board of Directors of Agribank Ha Tinh Branch and the solidarity and efforts of employees, all targets and plans were exceeded.

Chairman of the Board of Members of Agribank Pham Duc An and General Director of Agribank Pham Toan Vuong awarded the certificate of merit "Excellent unit winning 3rd prize in the whole system" in 2023 to Agribank Ha Tinh Branch.

Identifying capital mobilization growth as an important goal, from the beginning of 2023, Agribank Ha Tinh Branch assigned business plans to type II branches. With the advantage of effectively implementing Agribank's competitive interest rate mechanism and successfully "running" the prize savings program, it has created a "catalyst" for Agribank Ha Tinh Branch to increase capital mobilization. Specifically, with the program "Celebrating the Spring of Quy Mao 2023", the branch has mobilized 1,294 billion VND.

Ms. Phan Thi Thuy (Dau Lieu Ward, Hong Linh Town) excitedly said: “Last year, I was lucky to win an Outlander car worth 800 million VND when participating in the savings and prize program at Agribank Ha Tinh Branch. This is a practical program, helping to increase benefits for depositors and strengthen the connection between customers and Agribank”.

Thanks to the diversification of capital mobilization channels, by December 31, 2023, the total mobilized capital of the entire branch reached VND 21,640 billion (an increase of VND 2,523 billion, equivalent to an increase of 13.2% compared to the beginning of 2023 and reaching 105.8% of the plan assigned by Agribank). The mobilized capital of Agribank Ha Tinh branch always meets the investment demand for loans to develop the economy in a timely manner, ensuring business efficiency, liquidity safety and meeting the prescribed operational safety ratios.

Credit growth is higher than the average credit growth of Agribank.

Due to the impact of COVID-19, the economy's capital absorption capacity will slow down in 2023. Agribank Ha Tinh Branch has flexibly managed interest rates, proactively implemented many appropriate solutions to reduce lending interest rates, and supported customers with its own internal resources.

Customers come to make transactions at Agribank Headquarters, Ha Tinh Province Branch.

Last year, the unit adjusted the lending interest rate 8 times by 1.3-2.5%/year for the production and business sector; 2-3%/year for the consumer sector; 3-4%/year for the real estate business sector... to help customers overcome difficulties. In particular, to fundamentally change the situation and increase credit growth, the branch established steering groups led by branch deputy directors to each type II branch to discuss solutions to increase outstanding loans.

According to Mr. Bui Quang Thai - Director of Agribank Nghi Xuan: Thanks to the direct and decisive direction from the Branch's Board of Directors, Agribank Nghi Xuan has clearly identified difficulties and obstacles and suggested effective solutions for credit growth. As a result, in 2023, Agribank Nghi Xuan's outstanding debt reached VND 1,998 billion, an increase of 17% compared to 2022 and is the unit with the best outstanding debt growth in Agribank Ha Tinh Branch.

Nga Hai Cooperative (Xuan My commune) received a loan from Agribank Nghi Xuan to invest in developing modern agriculture.

During its operation, Agribank Ha Tinh Branch has closely followed the direction of the State Bank and the head office; focused all resources on investing in production and business, priority areas according to the Government's policies and key projects, contributing to the socio-economic development of the province.

Mr. Vo Huy - Deputy Director of Agribank Ha Tinh Branch emphasized: "The unit has promoted communication on credit policies for customers to grasp and access, especially interest rate support packages and interest rate incentives. We prioritize capital for production sectors, serving agriculture - rural areas and credit sectors according to Decree 55/2015/ND-CP of the Government; lending to support 50% of loan interest rates according to Resolution No. 51/2021/NQ-HDND of Ha Tinh Provincial People's Council and other interest rate incentive programs of Agribank...

Agribank Ha Tinh branch staff presents VietQR to a business household in Ha Tinh city

Over the past year, the branch has effectively implemented a series of credit policies with the goal of accompanying and solving difficulties for the economy, creating motivation for the business community, cooperatives and people to develop production and business. Total outstanding loans as of December 31, 2023 reached VND 13,549 billion, an increase of VND 1,404 billion, equivalent to a growth rate of 11.6% compared to the beginning of the year. The branch's credit growth rate is much higher than the average credit growth rate of Agribank (7.4%)".

Besides business activities, Agribank Ha Tinh Branch always actively participates in social security activities in the area.

In 2023, the branch sponsored more than 14.7 billion VND for the fields of education, health care, and building charity houses. At the recent "Warm Spring - Loving Tet" program, Agribank Ha Tinh Branch was awarded a certificate of merit by the Chairman of the Provincial People's Committee for its contributions to social security activities.

Thu Phuong

Source: https://baohatinh.vn/kinh-te/dieu-gi-giup-agribank-chi-nhanh-tinh-ha-tinh-dat-giai-3-toan-he-thong/260288.htm