Vietinbank An Giang Keeps Growing and Expanding

5:38:24 PM | 28/3/2013

As a trusted companion of An Giang province in socioeconomic development, Vietinbank An Giang - a branch of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) always strives to foster the trust of customers with premium-quality, professional products and services. The branch actively funds all economic sectors, helping them with more capital and development opportunities.
Impressive growth
Vietinbank An Giang began official operation in August 1988. After nearly 25 years of construction and development, the branch has attained great achievements in its performance and made significant contributions to the province’s economic development. Notably, its annual deposits rise over 15 per cent. As of the end of 2012, deposits valued at over VND1,545 billion, a 410-fold growth over the first year of operation.
Good capital mobilisation enables the branch to lend all economic sectors in the province to develop production and business. In 2011, it lent over VND2,800 billion, and the value soared to over VND3,900 billion in 2012. Outstanding loans as of December 31, 2012 totalled VND1,852 billion, rising 18.7 per cent from the beginning of the year and 157 folds from the first year of operation. Credit quality is guaranteed. The current bad debt ratio is only 0.19 per cent on total loans. In 2012, cash transactions valued at over VND25,000 billion. The branch had more than 18,000 transaction accounts as of December 31, 2012. Its diverse products and services, like VietinBank iPay, Vietinbank at home and SMS Banking, better serve the demand of customers.
Especially, Vietinbank An Giang is always the first to lower lending interest rates to support customers. With soft loan programmes, the branch always led the industry in credit growth, thus satisfying the demand for capital for economic development in the province. At present, outstanding loans of the branch expanded over 18 per cent from the start of the year - higher than the average industry growth in the province and in the nation. Credit quality is guaranteed with bad loans accounting for only 0.19 per cent of total outstanding loans, lower than the average industry growth in the province and in the country. All the staff of the branch always maintain integrity. They at all times return excess money to customers in case of miscalculation. This good deed is frequently praised by the State Bank of Vietnam (SBV) - An Giang Branch.
With its outstanding business performances and contributions to local economic development, VietinBank An Giang has been awarded many certificates of merit from the An Giang Provincial People’s Committee, the State Bank of Vietnam (SBV), and the Prime Minister. Notably, in 2008, it was honoured with the Third Grade Labour Order by the State President.
For community and society
Together with its efforts for better business performance, the branch constantly endeavours to be close to the local community and the public. It pays special attention to social security and community development activities and considers this an important aspect in development strategy. Specifically, since 2009, the Vietinbank An Giang Branch and Vietinbank Chau Doc Branch raised over VND 18 billion to build two kindergartens worth VND1.7 billion, two countryside bridges valued at VND3.7 billion, one clinic worth VND3.7 billion, 250 houses for the poor worth VND7.5 billion, and two high quality ambulances valued at VND2 billion.
Mr Do Cong Hau, Director of Vietinbank An Giang, said the branch will continue to boost deposit growth and provide modern banking products and services in the coming time. The branch will focus on credit products for exporters, small and medium-sized enterprises, and personal customers, especially individuals with business interests in the rural area. He affirmed that “With premium quality services, modern services and competitive interest rates, I am sure that VietinBank An Giang will continue to gain the trust and support of customers.”