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Agribank – 34 years of accompanying “tam nong”

After 34 years of construction, Agribank was awarded the First-class Labor Medal by the Party and State and many noble awards for outstanding achievements in service of agricultural and rural economic development.

In response to the requirements of renewal and development of the country, on March 26, 1988, the Bank for Agriculture and Rural Development of Vietnam (Agribank) with the original name of Vietnam Agricultural Development Bank was established. with the main task of meeting the demand for credit capital and banking services for socio-economic development in agricultural and rural areas.

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

Agribank - 34 years of accompanying
Agribank - 34 years of accompanying

Agribank - 34 years of accompanying

Current head office of Agribank

Following the leadership and direction of the Party, State, National Assembly, Government, State Bank, during 34 years of development, Agribank has always promoted its 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.

The Bank focuses on credit policies for agricultural and rural development with many creative and effective ways, suitable for each specific development stage, and the banking industry has made significant contributions to the success of the project. achievements of the cause of 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 operation, 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 contribute to poverty reduction, agricultural restructuring and new rural construction of the country, contributing to the breakthrough development of agriculture. affirming 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 continues the good morals and cultural traditions of the Vietnamese people.

Agribank - 34 years of accompanying
Agribank always promotes social responsibility towards the community, “Bank for the community”

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. renewal period.

Agribank was voted to rank 446/1000 of the world’s largest banks in 2017, achieving Top 10 VNR500 for many consecutive years, Enterprises that perform social responsibility and community development well, Bank for the community, is a partner trusted by millions of customers, partners, 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 2020 announcement; Agribank is ranked the highest among Vietnamese banks in the Global 500 Most Valuable Banking Brand Rankings by Brand Finance, the world’s leading brand valuation consulting firm, and the 500 Ranking List. The largest enterprise in Vietnam (VNR500).

Continuing the tradition of 34 years of development, Agribank focuses on effectively implementing the Development Strategy Project to 2025, with orientation to 2030, getting ready for equitization and shifting to model-based operations. the form of a joint stock commercial bank with the dominant 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. .

Agribank - 34 years of accompanying

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