Proud of Agribank’s 34-year development journey

Overcoming the difficulties and challenges in the early days of establishment, with a high sense of responsibility and determination, generations of leaders, officers and employees have united together, made efforts to build and develop Agribank becoming the bank with the scale of total assets, capital mobilization and outstanding loans to the economy as well as the largest operating network in the system of credit institutions in Vietnam.

Following the leadership and direction of the Party, State, National Assembly, Government, State Bank, during 34 years of development, Agribank has always promoted the pioneering and exemplary role of a 100-year-old commercial bank. % of state capital in pioneering the serious and effective implementation of the national monetary policy and the Party and State’s guidelines and policies on currency and banking, especially credit policy for development agriculture and rural areas with many creative and effective ways of doing things, suitable for each specific development stage, together with the banking industry, which have made significant contributions to the success of the national economic renewal, making an important contribution to stabilizing the macro-economy, controlling inflation, promoting growth and ensuring social security.

By the end of 2021, Agribank’s total assets will reach VND 1.68 million billion; capital source reached over 1.58 million billion dong; total outstanding loans to the economy reached over 1.31 million billion dong, safe and effective business operations, continued to be one of the enterprises that contributed the most to the State budget.

Agribank always spends 70% of outstanding loans for investment in agriculture and rural areas, accounting for nearly 40% of the total outstanding loans for agriculture and rural areas of the entire system of credit institutions.

Agribank’s credit programs have been making a very important contribution to poverty reduction, promoting the restructuring of the agricultural sector and building new rural areas of the country, contributing to the development of the country. The breakthrough of agriculture confirms its role as the backbone of the economy.

In addition to business activities, Agribank is very interested in supporting social security with many overall and long-term funding projects and programs across the country, supporting the prevention of the Covid-19 epidemic. affirming an Agribank that is always grateful, socially responsible for the community, spreading the spirit of sharing, the culture of gratitude of the Agribank people, continuing the good morals and cultural traditions of the Vietnamese people.

After 34 years of construction and growth, Agribank was awarded the First-class Labor Medal by the Party and State and many noble awards for outstanding achievements in service to the economic development of agriculture, rural areas and farmers during this period. period of renovation, contributing to the cause of building socialism and defending the Fatherland of Socialist Vietnam.

Agribank was voted 446th out of 1000 largest banks in the world, achieved Top 10 VNR500 for many years in a row, businesses that perform well in social responsibility and community development, Bank for the community, is a reliable partner. of millions of customers, partners and international financial institutions. In 2021, Agribank will continue to increase the credit rating of the world and the region. Agribank’s reputation and brand name continued to improve positively.

Moody’s has an international credit rating of Ba3, equivalent to the national credit rating. The prestigious international magazine The Asian Banker ranked 138/500 leading banks in the Asia Pacific region in terms of asset size and increased 96 ranks in terms of operational quality compared to the announcement in 2020.

Agribank is ranked the highest among Vietnamese banks in the Global 500 Most Valuable Banking Brands Rankings by Brand Finance, the world’s leading brand valuation consulting firm, and the 500 Ranking List. Vietnam’s largest enterprise (VNR500).

Continuing the proud tradition of 34 years of development, all officials, party members and employees in the entire Agribank system are determined to uphold the spirit of solidarity, overcome all difficulties and challenges, and build Agribank together. increasingly developing, focusing on effectively implementing the development strategy project to 2025, with orientation to 2030, getting ready for equitization and shifting to operate under the commercial bank model. shares with controlling capital of the State; continues to affirm its position and role as the leading commercial bank in Vietnam, a key player in the financial market, especially in agriculture and rural areas, towards retail banking, digital banking, modernity and integration. ; Together with corporations, corporations and banks in the Central Business Sector, maintain a key position, leading the socialist-oriented market economy, actively contributing to building a powerful Vietnam. , prosperous.

HISTORY POINTS OF AGRIBANK’S 34 YEARS OF DEVELOPMENT
1988: Established on March 26, 1988 with the name of Vietnam Agricultural Development Bank
1990: Changed its name to Agricultural Bank of Vietnam
1995: Proposal to establish a Bank for the Poor, now the Bank for Social Policies, separated from the Agricultural Bank of Vietnam
1996: Changed its name to Bank for Agriculture and Rural Development of Vietnam
2003: The Party and State conferred the title of “Labor Hero in the renovation period”; Deploying and modernizing the customer accounting and payment system (IPCAS) at Agribank’s branches
2005: Opened the first Representative Office abroad – Cambodia Representative Office
2006: Won the Vietnam Gold Star Award
2007: No. 1 enterprise in Vietnam (according to UNDP ranking)
2008: The Party and State awarded the Second-class Independence Medal; Taking on the position of President of the Agricultural and Rural Credit Association – Asia – Pacific (APRACA); Top 10 Vietnamese Gold Star Awards
2009: Honored to welcome the General Secretary to visit and work; Being the first bank to win the Top 10 Vietnamese Gold Star Award for the second time in a row; Opened the IPCAS II system, connecting all 2,300 branches and transaction offices across the system online
2010: Top 10 in 500 largest enterprises in Vietnam
2011: Transforming operations into a one-member limited liability company owned by the State
2012: Being the commercial bank with the largest total assets in Vietnam; Top 10 largest enterprises in Vietnam VNR500; Typical ASEAN enterprises; ASEAN famous brand; Bank with high payment quality; Vietnam’s leading payment commercial bank
2013: Celebrating 25 years of establishment, receiving the Third-class Labor Medal
2014: The only commercial bank for the 5th consecutive time in the Top 10 largest enterprises in Vietnam VNR500; Fitch Ratings has upgraded Agribank’s credit rating to B+
2015: Successfully implemented the Restructuring Project approved by the Governor of the State Bank of Vietnam; Launching the EMV standard CHIP card issuance and payment system
2016: Total assets reached over 1 million billion VND; Being the leading bank in the banking system according to the Ranking of 500 largest enterprises in Vietnam; Top 20 largest tax payers in Vietnam
2017: Prime Minister approved the policy of equitization of Agribank
2018: Celebrating 30 years of establishment, receiving the First Class Labor Medal
2019: Highest growth since inception; ranked 142/500 largest banks in Asia in terms of asset size; The champion of commercial banks was honored in the Top 10 VNR500 rankings
2020: Successfully implemented the plan to restructure Agribank in association with bad debt settlement in the 2016-2020 period; Agribank is trusted to assume the position of Chairman of the Council of Vietnam Bankers Association, term VII (2020-2024).
2021: Affirming the pioneering and exemplary role of the State Credit Institution in implementing many solutions to support customers to overcome difficulties caused by the Covid-19 pandemic. Moody’s has a credit rating of Ba3, equivalent to the national credit rating; The Asian Banker ranked 138/500 leading banks in Asia Pacific region in terms of asset size, up 96 ranks in terms of operational quality compared to announced in 2020. Agribank ranked the highest among banks. Vietnamese banks at the Top 500 most valuable bank brands in the world according to the assessment of the world’s leading brand valuation consulting company Brand Finance and the 500 Top Class Enterprises in Vietnam (VNR500). ).

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