An Binh Bank Strongly Assists SMEs: Interviewed Director
At several seminars, experts have pointed out the failure of banks in assisting small and medium sized enterprises. How can this be overcome?
In fact, all banks want to finance the development of small and medium sized enterprises (SMEs). However, there are two problems. First, commercial banks are not the only channel to provide capital to SMEs. There are several other channels such as mobilisation of bonds and development funds. Second, in considering financial support , banks are often faced with a shortage of information and correct evaluation. Furthermore, there are many unfeasible projects. Since its establishment, An Binh bank has always focused on financing SMEs. As a result, many customers with the assistance of An Binh bank have become large enterprises. During the past years, An Binh bank has increased financial support to meet the demand in capital of SMEs, the young and dynamic economic sector.
Many clients have problems with ATM cards. What solution can you offer?
It is a common problem to all banks. There are many cases of fake cards. An Binh bank will develop a new card with greater safety. In addition, the bank will increase security measures to protect the interests of our clients.
With the APEC Summit discussing financial development, do you think that it will have some affect on the Vietnamese financial sector?
Foreign partners consider the coming APEC Summit as an opportunity to invest in Vietnam’s financial market. I think that the opening of the Vietnamese financial market will help develop the economy in general and financial sector in particular. The participation of foreign partners will strengthen the financial support to the economy. The Vietnamese financial sector can also benefit from the management and experience of the foreign partners to develop a strong and sustainable financial market. However, there are certain challenges, especially the fierce competition imposed by foreign partners. Therefore, Vietnamese banks must continue their development strategies in technology and human resources.
An Binh bank is developing a programme of modernisation to increase capacity building, including core banking system, new products on human resources development, investment fund and securities company. The bank is also negotiating with foreign partners to increase capital and business activities, upgrading professional skill and efficiency.
Doanh Thu
Vietnamese
