Agribank

Address
2, Lang Ha, Ha Noi, VN, Viet Nam
Telephone
(+84 4) 3 772 4621
Fax
(+84 4) 3 831 3717
Hits
4504
Created
2010-12-15
Image
Agribank is the biggest bank in Vietnam in terms of assets, number of staff, branch network, and customer base. As of December 2009, Agribank’s leading position has been confirmed in many aspects:

Total capital resources: VND 434,331 billion
Equity: VND 22,176 billion
Total assets: VND 470,000 billion
Total outstanding loans: VND 354,112 billion
Branch network: 2,300 branches and transaction offices nationwide
Employees: 35,135

Agribank has always put a strong focus on investments for and application of banking technology to support its business administration and advanced network development. Agribank was the first bank to complete the Project on modernizing the Intra-bank Payment and Customer Accounting System (IPCAS) sponsored by the World Bank. With the modern IPCAS in place, Agribank is fully capable of providing modern banking products and services to different types customers at home and abroad. At present, Agribank has a customer base of over 10 million households and 30,000 enterprises.

Agribank is one of the Vietnamese banks with strong correspondent banking relationship, being a correspondent bank of 1,034 foreign banks in 95 countries and territories (as of December 2009).

Agribank is the current President of the Asia-Pacific Rural and Agricultural Credit Association (APRACA) and also is a member of International Confederation of Agricultural Credit (CICA), Asian Banker Association (ABA); Agribank has hosted many international conferences, including the FAO Conference in 1991, APRACA Conference in 1996 and 2004, the Conference of Agricultural Credit in 2001, APRACA International Conference on Fishery in 2002.

In the context of complex economic circumstances, Agribank is still trusted by international organizations such as the World Bank (WB), the Asian Development Bank (ADB), the French Development Agency (AFD), the European Investment Bank (EIB), and others.These organizations selected Agribank to implement 136 projects with total capital funding of more than USD 4.2 billion, of which the disbursed amount was of over USD 2.3 billion. Agribank constantly approached and attracted new projects: the second phase of a co-finance contract with the European Investment Bank (EIB); the third phase of Rural Finance Project funded by the World Bank; Biogas project funded by the ADB; a JIBIC project with Japan; and project for small rubber holdings development funded by the AFD.

Besides mandates in business, Agribank also displays its social responsibility as a major enterprise to the cause of Social Security of the country. In 2009, Agribank contributed to the building of dozens of schools, hundreds of houses of gratitude and healing and donated tens of thousands of gifts to the poor and the people who were affected by natural disasters with an amount up to hundreds of billions of Vietnamese Dong. In implementation of the Government’s Resolution No. 30a/2008/NQ-CP to provide assistance programs for faster and sustainable
Images (3)