Vietinbank - Hoa Binh Branch Closely Sticking with Local Socioeconomic Development Objectives

5:15:43 PM | 6/3/2013

Set up in late 2007, the Vietnam Joint Stock Commercial Bank for Industry and Trade - Hoa Binh Branch (VietinBank Hoa Binh) has confirmed its prestige and become a leading commercial lender in the province. In the current context of economic difficulties, the branch continues to adhere to local social and economic development objectives to expand business operations and increase market share to support businesses.
After five years of operation, Vietinbank - Hoa Binh provides the full range of financial services of a modern bank like credit, payment and card services for thousands of domestic and international customers. As of December 31, 2012, deposits reached VND873 billion while outstanding loans valued at VND1,218 billion, both rising over 30 per cent against the previous year. Especially in the last three years, under the direction of the Government and the State Bank of Vietnam (SBV), the branch has set aside a handsome amount of concessional loans for agricultural and rural development, export-oriented enterprises, and small and medium enterprises. The total loan reached VND400 billion, accounting for 33 per cent of the branch’s total outstanding loans.
Accompanying the people, organisations and businesses in the province, Vietinbank Hoa Binh’s lending programmes and projects are being carried out well, like JICA, JIBIC, EU2 and EIB. The branch also provides preferential international credit sourced loans to small and medium enterprises to build factories and purchase equipment to increase production capacity. In 2012, it continued implementing various low-rate credit programmes for customers like business-accompanying programmes and a business support programme worth VND15 trillion. In particular, the greatest success of the branch is holding an important position in the province with 14.3 per cent of deposit market share and 15.6 per cent of credit market share.
To achieve the above results, in addition to all-out efforts of the entire staff, Vietinbank Hoa Binh has grasped every opportunity, introduced many new products and services, expanded networks and trained qualified personnel. It has also received care and support from provincial and local authorities, and especially customer reliability, selection and utility of Vietinbank products.
Apart from business activities, Vietinbank Hoa Binh is known for its active participation in local social welfare. In 2012, the branch asked Vietinbank for the permit to carry out a social security programme worth over VND6 billion in Hoa Binh province. It presented cash and gifts to local medical, education and poverty programmes.
Mr Nguyen Quoc Huong, director of Vietinbank Hoa Binh, said: "To achieve business objectives and results in 2013, Vietinbank Hoa Binh will continue adhering to local socio-economic development objectives; strictly comply with the guidelines and resolutions of the Government and instructions of the State Bank of Vietnam on solutions to remove difficulties for enterprises and support the market. The branch will continue applying preferential credit packages, improve service quality, attract customers and expand operating scales and market shares.”
With its efforts, Vietinbank Hoa Binh is always trusted and appreciated by partners, customers, local people and the government.