VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

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VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT Active
0100686174
26 Feb 2004
Ha Noi City Department of Planning and Investment
No. 02, Lang Ha Street, Thanh Cong Ward, Ba Dinh District, Ha Noi City, Vietnam
(84-24) 3772 4621

Agribank: Vietnam’s Leading State-Owned Bank & Its Role in Risk Management and Financial Data

The Vietnam Bank for Agriculture and Rural Development (Agribank) is one of the largest and most influential financial institutions in Vietnam. With total assets of USD 77.02 billion as of 2022, Agribank plays a crucial role in financing Vietnam’s agricultural sector and supporting economic development. As a state-owned entity, it operates under the State Bank of Vietnam, ensuring financial stability and accessibility, especially in rural areas.

Financial Performance & Growth

Agribank has demonstrated consistent financial growth, with total assets rising from USD 64.42 billion in 2020 to USD 77.02 billion in 2022, reflecting a 10.54% year-on-year increase in 2022. Its net profit surged by 46.36% in 2022, reaching USD 741.26 million, while interest and similar income increased by 28.74% to USD 2.47 billion. These financial indicators underscore Agribank's resilience and ability to expand in a competitive banking environment.

Comprehensive Banking Services

Agribank provides a wide range of financial services, categorized into:

  • Consumer Banking: Personal loans, savings accounts, and card services.
  • Business Banking: Corporate loans, foreign exchange, trade finance, and international payments.
  • E-Banking: Digital banking, telebanking, and home banking solutions.

With over 40,000 employees, Agribank operates a vast network that serves both urban and rural customers, contributing significantly to Vietnam’s economic development.

Risk Management: A Core Focus

Given its extensive lending activities—totaling USD 57.84 billion in loans and advances to customers—Agribank prioritizes Risk Management to mitigate credit and market risks. The bank implements strict credit evaluations and financial oversight to ensure loan repayments and minimize non-performing loans. However, external risk management solutions, such as those provided by Vanbizinfo, can offer additional insights by assessing corporate financial stability, market trends, and business risk factors.

Leveraging Financial Data for Strategic Growth

Agribank handles vast amounts of Financial Data to assess loan eligibility, forecast market trends, and optimize lending decisions. Access to real-time, accurate financial data is crucial in making informed credit and investment decisions. By integrating Vanbizinfo’s Financial Data solutions, Agribank could enhance its analytical capabilities, streamline risk assessments, and improve financial forecasting.

Conclusion

As Vietnam’s largest state-owned commercial bank, Agribank is a pillar of financial stability and rural development. Its focus on risk management and financial data utilization is essential for sustainable growth. Partnering with Vanbizinfo could further strengthen its ability to analyze financial risks, improve decision-making, and maintain a secure and efficient banking system in Vietnam.

icon-contacts Contacts

+ PHAM D.A

+ PHAM T.V

+ TO D.T

+ PHAM D.T

+ NGUYEN Q.H

+ HOANG M.N

+ PHUNG T.B

+ LE H.P

+ NGUYEN T.P

+ TRAN V.D

No. 02, Lang Ha Street, Thanh Cong Ward, Ba Dinh District, Ha Noi City, Vietnam
(84-24) 3772 4621
icon-business-area Business Area
6499 Other financial service activities n.e.c (except insurance and social insurance)
64.99 Other financial service activities, except insurance and pension funding n.e.c.
Industry Sales Growth
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Companies by industry
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3,377

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0.1186%

icon-key-industry-players Key Industry Players
Top 10 companies in other financial service activities n.e.c (except insurance and social insurance) industry
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icon-financial-performance Financial Performance
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Specific Questions About VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT
When did VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT start operating?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT was started in 26 Feb 2004
What industry does VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT operate in?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT is operating in "Other financial service activities n.e.c (except insurance and social insurance)" industry
How can I contact VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT phone numbers is (84-24) 3772 4621
What adverse news is there about VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT’s has 11 bad news
What is stock symbol of VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT is not listed company
Where is the location of VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT is located at No. 02, Lang Ha Street, Thanh Cong Ward, Ba Dinh District, Ha Noi City, Vietnam
What is VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT’s business registration?
VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT business registration is 0100686174

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