In 2023, credit institutions in Ha Tinh have fulfilled their mission of accompanying, solving difficulties for the economy and sharing with businesses to develop. Banks have also shown their responsibility to the community, always paying attention to social security work.
Efforts to increase growth indicators
Since the beginning of 2023, commercial banks have focused on many solutions to attract idle cash flow and promote capital mobilization growth. In particular, the design and implementation of savings programs with prizes has helped banks increase the attractiveness of capital mobilization products, increase benefits for depositors as well as strengthen the connection between customers and banks.
Customers come to deposit savings at BIDV Hong Linh Transaction Office (belonging to BIDV Ha Tinh Branch).
Ms. Le Thi Tuyet - Head of Planning and Finance Department, BIDV Ha Tinh Branch said: “In 2023, the branch successfully organized the "Welcome Spring Quy Mao 2023" savings program. With a total prize value of nearly 600 million VND, the program attracted thousands of customers to participate. After only 5 months of implementation, the branch has collected more than 1,700 billion VND, bringing the total mobilized capital of the branch to 7,300 billion VND (an increase of over 10% compared to the beginning of the year).
Meanwhile, the joint stock commercial banking sector focused on applying high deposit interest rates in the early stages of the year to increase capital sources. By December 31, 2023, the total mobilized capital of banks in Ha Tinh reached VND 100,482 billion, an increase of 19.24% compared to the end of 2022. This is an important resource for "banks" to promote lending to production - business, priority areas under the direction of the Government.
2023 is a difficult year for the banking industry as the capital absorption capacity of the business community and people is limited due to the negative impacts of the post-COVID-19 period and the global economic recession. In that context, credit institutions must be proactive and flexible in implementing all solutions to unblock capital sources and promote credit growth. In particular, in the past year, the State Bank of Vietnam (SBV) has lowered operating interest rates four times. On that basis, banks have proactively developed strategies to reduce costs, gradually lower lending rates, and support the economy.
As of December 31, 2023, the total outstanding debt of Vietcombank Ha Tinh Branch reached over 15,133 billion VND.
According to Mr. Duong Quoc Khanh - Head of Corporate Customer Department, Vietcombank Ha Tinh Branch, the unit has proactively reduced lending interest rates to a low and stable level in the market, creating conditions for customers to access "cheap" capital sources for both new and old loans. As of early January 2024, the branch's total outstanding debt reached over VND 15,133 billion, of which corporate debt reached over VND 9,366 billion.
Joint stock commercial banks such as HDBank, Bac A Bank, ACB... all strive to provide capital to production sectors and priority sectors; create favorable conditions for businesses and people to access capital, contributing to limiting black credit. As of December 31, 2023, outstanding loans of credit institutions in the area reached VND 96,050 billion, an increase of 10.15% compared to the end of 2022.
Working together for the community
At the end of November 2023, Huong Khe High School received good news when the construction of the 3-storey subject building officially started. The project has a total investment of nearly 5.5 billion VND sponsored by VietinBank Ha Tinh Branch.
According to Mr. Ngo Xuan Ninh - Chairman of Huong Khe District People's Committee, this is an important project, celebrating the 60th anniversary of Huong Khe High School (1964 - 2024). The project, when completed and put into use, will help the school modernize its facilities, improve teaching quality and gradually meet the requirements for building a national standard school.
VietinBank sponsored the construction of 6 public houses for teachers in disadvantaged areas at several schools in Ha Tinh with a total cost of over 11.1 billion VND.
In addition to the above project, in 2023, VietinBank Ha Tinh Branch sponsored the construction of many school projects in the area such as: Ham Nghi High School (Huong Khe), Khanh Vinh Secondary School (Can Loc), Son Kim II Primary School (Huong Son)... In addition, the unit also implemented a series of social security activities such as: renovating the historical relic of Truc Temple (Huong Son), renovating and upgrading the Dong Loc T-junction relic site (Can Loc)... with a total cost of nearly 49 billion VND.
In social security work, Agribank II has made its mark with activities to provide livelihoods to people in difficult circumstances. Mr. Vo Van Nhat - Director of Agribank Ha Tinh II Branch shared: "With the motto "giving fishing rods instead of stringing fish", 70 breeding cows worth 910 million VND were handed over by the branch to 70 families in Ky Anh, Thach Ha, Cam Xuyen, Huong Khe districts, Ky Anh town and Ha Tinh city. We hope that people will have a livelihood, gradually improve production, develop livestock and increase economic capacity".
The brands VietinBank, Agribank, BIDV, Vietcombank, HDBank, Bac A Bank... not only accompany the economy but also leave their mark on social security sponsorship programs throughout the countryside of Ha Tinh. The educational, medical, and charity houses built, the livelihood activities delivered... are the deep affection of a journey of attachment and construction of the Ha Tinh banking industry with the goal of joining hands with the community and local authorities to gradually reduce poverty and improve people's lives.
Director of Agribank Ha Tinh II Branch Vo Van Nhat attended the ceremony of giving cows to the people.
According to Mr. Nguyen Van Trung - Director of the State Bank of Vietnam, Ha Tinh Branch, in addition to doing well in business, operating monetary policy, serving economic development, the banking industry always pays attention to implementing social security, humanitarian charity, demonstrating responsibility to the community. In 2023, credit institutions in the area spent 164.6 billion VND to sponsor the construction of schools, gratitude houses, community cultural houses to avoid storms and floods, donate medical equipment, support livelihoods for the poor... Thereby, contributing to improving the quality of education, health care for the people and constantly improving the lives of the poor and vulnerable groups in society.
Thu Phuong
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