In 2012, the Hai Duong Agribank's total mobilized capital hit VND7,046 billion, exceeding 10% of the plan, up 50.3% compared with 2011. In 2012, Hai Duong Agribank Branch lent VND64.5 billion to farmers in the province to purchase 472 farming instruments and over 15,000 pigs; the interest reckoned as assistance to farmers from the beginning of the program reached VND1.8 billion. The outstanding debt of loans with interest support according to the Government's decisions attained to VND82.4 billion with 6,415 borrowing customers. The loan interest counted as support to customers totaled 35.6 billion. Hai Duong Agribank reserved VND6,100 billion for agricultural and rural loans, accounting for 87.7% of total outstanding debt. Particularly, for the new countryside construction program, Hai Duong Agribank loaned VND1,645 billion to localities, making up 23.3% of total outstanding debt. In 2012, the Hai Duong Agribank's total mobilized capital hit VND7,046 billion, exceeding 10% of the … [Read more...] about Hai Duong Agribank’s nearly 88% of total outstanding debt for agriculture and countryside
Agribank
Vietnam’s Agribank cuts bad debt to 4 pct: report
HANOI – State-owned Agribank, Vietnam's largest lender by assets, has reduced its bad debt ratio to around 4 percent of loans now from 6.1 percent at the start of the year, a senior executive was quoted by a state-run newspaper on Tuesday as saying. … [Read more...] about Vietnam’s Agribank cuts bad debt to 4 pct: report
Agribank loans top VND300 trillion for agricultural production
Nhan Dan Online - Agribank has reported that its lending to agricultural production and rural development as of October 31 this year amounted to VND306.695 trillion (US$14.72 billion) or 70% of its total outstanding credit. … [Read more...] about Agribank loans top VND300 trillion for agricultural production
Agribank offers exporters VND10 trillion loans
By Truong Nam - The Saigon Times Daily HCMC – Vietnam Bank for Agriculture and Rural Development (Agribank) on Monday announced a credit package worth VND10 trillion for exporters with a lending rate of 12% per year. The loans will have a six-month term, focusing on clients with demand for Vietnam dong to produce, purchase, process and export agro-products and other items, according to a statement of Agribank. Customers are required to sell the foreign currency they gain from export to Agribank, at least equivalent to the amount of dong they borrow. According to a report of Agribank, as of May 25, the outstanding loans for the agriculture and rural sector at the bank had reached nearly VND304 trillion, accounting for 70% of the bank’s total outstanding loans. The outstanding loans for coffee, seafood, food, pepper, cashew, rubber, tea and livestock farming was over VND107 trillion. In comparison with January, the outstanding loans of livestock and seafood farming recorded … [Read more...] about Agribank offers exporters VND10 trillion loans
Agribank becomes limited company
The Governor of the State Bank of Vietnam has approved the conversion of the Bank for Agriculture and Rural Development (Agribank) into an state-owned one-member limited liability company under a decision issued on January 30. The 100-per-cent State-owned bank will continue to focus on currency trading, credit and banking services fields with a charter capital of 20.7 trillion VND (1 billion USD)./. … [Read more...] about Agribank becomes limited company