Delegates cut the ribbon to inaugurate the new headquarters of Agribank U Minh District Branch

Strong changes from thinking to action

Right from the beginning of 2024, closely following the targets assigned by Agribank as well as local socioeconomic development orientations, Agribank Ca Mau Branch has drastically executed solutions, particularly to credit access for customers. As a result, in the first six months of 2024, Agribank Ca Mau Branch achieved a loan turnover of VND13,675 billion, marking an increase of VND 558 billion compared to the same period in 2023. The branch's total outstanding loans reached VND17,739 billion, with VND15,613 billion of this amount allocated to individual customers, reflecting a 2.29% rise (VND 351 billion) since the beginning of the year. Additionally, the branch has maintained credit relationships with 60,202 customers.

In the last six months of the year, the branch will continue to deploy effective credit growth solutions, promptly meet credit capital needs of the economy, direct credit to manufacturing and business sectors, priority sectors and economic growth drivers, and local strengths. Agribank Ca Mau Branch plans to intensify its efforts by implementing many measures to support businesses and individuals. These include reducing operational costs and cutting lending interest rates. The branch will also focus on digital transformation to streamline the credit granting process and make it easier for customers to access capital. Additionally, Agribank Ca Mau will actively engage in bank-business connection programs to further enhance its support for the local economy.

Mr. Nguyen Phu Hai, Director of Agribank Ca Mau, presents two gratitude houses to U Minh district

“Throughout its development journey, Agribank has always prioritized social responsibility, with a particular focus on investing in agriculture, rural areas, and supporting farmers. In addition to providing credit, Agribank actively collaborates with individuals to ensure that funds are effectively utilized for farming, cultivation, and the development of agricultural products. The bank also sponsors social security activities and actively upholds community responsibility in the spirit of mutual love and gratitude to older generations. Each social security program of Agribank is a heartfelt connection of each employee of Agribank Ca Mau to spread humanitarian values and build the image of a bank for the community. Specifically, the branch donated VND3,983 million in 2022, VND3,515 million in 2023 and over VND10,063 million in the first seven months of 2024 to social security programs, focusing on education, health and charity house construction,” Mr. Chau Tung Lam, Deputy Director of Agribank Ca Mau, added.

Agribank Ca Mau hands over houses to poor and near-poor households in the province

Reaffirming its role as a leading state-owned commercial bank

As a 100% state-owned commercial bank, Agribank's leadership is deeply aware of its values and is committed to upholding its role and responsibilities towards society and business ethics. The bank focuses on understanding, sharing, and supporting individuals and businesses, fostering cooperation and mutual success to achieve long-term, sustainable development. Especially, when the domestic economy faced difficulties due to global crisis and economic recession, Agribank Ca Mau adopted many policies and preferential credit product packages with six lending programs, including short-term preferential loan program for large corporate customers in 2024 according to Document 2429/NHNo-KHDN, short-term preferential loan program for corporate customers affiliated State-owned business groups/corporations administered by the Commission for the Management of State Capital at Enterprises in 2024 according to Document 2428/NHNo-KHDN, preferential loan program for investment projects of corporate customers in 2024 according to Document 939/NHNo-KHDN, preferential loan program for small and medium-sized enterprises in 2024 according to Document 1222/NHNo-KHDN, and importer and exporter support program in 2024 according to Document 4738/NHNo-KHDN, and loan program for forest and aquatic products according to Document 5631/NHNN-TD.

Agribank participates in the Ca Mau Shrimp Festival and the Mekong OCOP Connection Forum 2023. In the photo: Mr. Chau Tung Lam, Deputy Director of Agribank Ca Mau, receives a bouquet of flowers from the Organizing Committee in recognition of the bank's support and engagement

“The above preferential programs have covered all types and sizes of enterprises, so they have met the borrowing needs of customers. Up to now, we have deployed preferential credit packages for 22 customers who borrowed VND375 billion and had outstanding loans of VND331 billion. The lending interest rate applied to these programs ranges from 2.5% to 6.8% per annum (depending on terms, customer ratings and service usages at Agribank at the time of creating a loan). For individual customers, the lending interest rate is slashed by 1-2.5% per annum for all customers as compared to that at the beginning of the year,” he said.

The investment environment of Ca Mau province has reportedly improved over the years. In 2023, Ca Mau ranked 22nd in the Provincial Competitiveness Index (PCI), climbing 36 places from 2022. Together with the government, Agribank Ca Mau is determined to build a digital government and digital bank and move toward "digital citizens". As a leading state-owned commercial bank, Agribank Ca Mau is dedicated to driving credit growth through effective and comprehensive solutions to fully support the province's economy. The branch will actively foster local innovations and contribute to socioeconomic development, with a particular focus on agriculture, rural areas, and farmers.