Branches of the Bank for Agriculture and Rural Development (Agribank) in the province are known as commercial banks playing a key role in the field of credit investment for agriculture, farmers and rural areas. Currently, to share the difficulties with customers affected by storm No. 3, Agribank branches in the province have urgently deployed support solutions. Thereby helping customers quickly restore production, business and stabilize their lives.
Agribank branches in the province have donated 500 million VND through the Vietnam Fatherland Front of Thanh Hoa province to localities affected by storm No. 3.
In the recent storm No. 3, Thanh Hoa was also one of the localities affected, although not as severely as the northern provinces, however, prolonged rain and floods also caused thousands of hectares of crops and aquaculture ponds of the people to be flooded and damaged. In any circumstances, Agribank branches in the province always stand side by side with customers in difficult times and in the work of recovering, building and rebuilding life. Specifically, implementing the direction of the Government, the State Bank of Vietnam, Agribank Head Office, Agribank branches in the province have reviewed customer groups in the management area to grasp the situation of loan capital damage after the storm, on that basis, there are appropriate support mechanisms. Accordingly, loans due will be restructured by extending the repayment period to remove difficulties for people during this period, avoiding customers falling into bad debt and overdue debt. Banks will work with people to discuss business plans and consider reducing loan interest rates for each locality and customers at risk of storms and floods. At the same time, they will increase the provision of unsecured credit to supplement capital for production and business for customers. In addition, responding to the call for support for people to overcome the consequences of natural disasters by the Central Committee of the Vietnam Fatherland Front, Agribank branches in the province have donated VND 500 million through the Vietnam Fatherland Front of Thanh Hoa province to localities affected by storm No. 3.
Currently, Agribank branches have a network of operations in all localities in the province with 3 type I branches, 31 type II branches, 34 transaction offices, 2 mobile transaction points using specialized cars. The branches are accompanying more than 1.5 million customers with deposits, loans and using banking and financial products and services. The branches have actively mobilized capital, balanced and prioritized capital sources to meet capital needs to implement the National Target Program on New Rural Development, serving agricultural and rural development according to Decree 55/2015/ND-CP and Decree No. 116/2018/ND-CP of the Government on credit policies serving agricultural and rural development; lending for production and business needs to implement the National Target Program on New Rural Development for the 2021-2025 period and the One Commune One Product Program for the 2021-2025 period. Reforming loan procedures in a simple direction so that people in need can easily access capital sources...
From bank capital, many enterprises, households, individuals, and farm owners have the conditions to expand production and business, increase income, contribute to economic development, ensure social security, and limit the situation of "black credit" in the province. Outstanding loans to the economy in general and loans to agriculture and rural areas at branches have maintained an annual growth rate. By the end of September 2024, the total mobilized capital of Agribank branches in the province reached nearly 60,000 billion VND, the total outstanding loans reached more than 65,000 billion VND, accounting for nearly 31% of the market share of credit institutions in the area. In particular, outstanding loans to agriculture and rural areas have always remained high and accounted for over 75% of the total outstanding loans to the economy. With the above results, Agribank branches are the commercial banks with the largest scale of credit investment for agriculture and rural areas among commercial banks in the province. This affirms Agribank's consistent viewpoint and determination to serve "Tam Nong".
Proud of more than 36 years of construction and development, associated with the mission of "Tam Nong", Agribank branches in the province continue to be determined and steadfast in their service goals: Balancing and allocating capital in a timely manner, ensuring safe and effective investment capital, meeting the borrowing needs of enterprises, households, individuals in production, business, services, and consumption; continuing to promote the key role in credit investment for agricultural, farmer, and rural development, actively contributing to the implementation of the "Tam Nong" policy of the Party and Government. By 2025, Agribank branches in the whole province strive to increase the proportion of loans in this sector to over 85% of total outstanding loans to the economy.
Article and photos: Minh Ha
Source: https://baothanhhoa.vn/dong-hanh-cung-khach-hang-khoi-phuc-san-xuat-kinh-doanh-225756.htm
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