Promote safe and effective credit growth
Agribank leaders said that in the first 6 months of 2024, closely following the direction of the Government and SBV, the entire Agribank system focuses on seriously and effectively implementing key tasks and solutions according to Directive No. 01 /CT-NHNN dated January 17, 2024 of the State Bank to remove difficulties and strive to comprehensively complete the assigned 2024 business plan targets.
Agribank accordingly focuses on drastically and synchronously implementing many solutions to promote safe and effective credit growth. Notably, there will continue to be appropriate support policies on interest rates and debt restructuring for borrowers facing prolonged difficulties due to objective reasons according to the guidelines and policies of the Government and the State Bank of Vietnam. ; Proactively reduce short-term loan interest rates from 0.5 - 2%/year, especially for new disbursements; Medium and long-term loan interest rates decreased by 1-2.5%/year.
Agribank is also proactively spending about 250,000 billion VND to deploy credit programs with preferential interest rates to many customers: large enterprises, small and medium enterprises, medium and long-term investment projects, customers. import and export goods, customers investing in production and trading of OCOP products and individual customers borrowing capital to serve business and consumption activities.
By June 30, 2024, after 11 months of implementing the preferential credit program for the forestry and aquatic products sector, Agribank has granted credit of VND 7,183 billion with about 5,000 disbursements to customers, focusing on into aquaculture exploitation activities; purchasing and consuming seafood; Preserving forest products.
At the same time, deploy preferential credit for project investors and buyers of social housing, worker housing, renovation and reconstruction projects of old apartments according to Resolution 33/NQ-CP of the Government. . By the end of the second quarter of 2024, Agribank has approved 11 social housing projects with a total approved amount of VND 3,023 billion, outstanding debt as of June 30, 2024 is VND 657 billion, continuing to be the leading bank. on disbursed revenue of the program.
Thanks to that, the outstanding debt of the entire Agribank system as of June 30, 2024 increased by 2.6% compared to December 31, 2023; The bad debt ratio according to Circular 11 decreases by 0.02% compared to the end of 2023.
Promote the pioneering and leading role
Governor of the State Bank of Vietnam Nguyen Thi Hong highly appreciated Agribank's efforts in implementing business plans and assigned political tasks in recent times and achieving many positive and comprehensive results. on all aspects of operations. Thanks to that, Agribank continues to be the bank with the leading network system and second largest credit scale in the entire banking system.
In particular, the bank is always a pioneer, promoting its leading role in implementing monetary, credit, interest rate policies and solutions to remove difficulties for businesses and people as directed. of the Government and the State Bank. Especially in lending activities and providing banking products and services in agricultural and rural areas.
In the coming time, Governor of the State Bank of Vietnam Nguyen Thi Hong emphasized the need for Agribank to promote the results achieved and strive to overcome difficulties and challenges to further improve the quality, efficiency of operations and development. Deploy assigned tasks and solutions seriously, decisively and effectively.
In particular, noting some key contents on monetary and credit work and solutions to overcome difficulties for businesses and people, Agribank continues to promote its leading role as a 100% state-owned commercial bank. in leading the market, taking the lead in implementing the Government's and the Industry's policies on currency and credit; Maintaining a leading position in the agricultural and rural financial market.
The Governor also noted that Agribank needs to have practical solutions to further promote credit growth, directing credit to priority areas, especially agriculture and rural areas to ensure good implementation of targets. Credit growth assigned by the State Bank.
