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Agribank won prestigious awards in 2019

31/12/2019

In 2019, Agribank has made important changes and has achieved many outstanding achievements in business activities, has received many prestigious domestic and international awards.


In 2019, Vietnam's banking system has had impressive development and growth. Contributing to the success of the banking sector is the contribution of Agribank, and this is also the year marking the acceleration and breakthrough of Agribank after 3 decades of development. As of November 30, 2019, Agribank’s total assets reached over VND 1.4 million billion, capital sources reached over VND 1.2 million billion, outstanding loans to the economy reached nearly VND 1.1 million billion. With the prudential ratios strictly complying with the regulations of the State Bank, Agribank has continued to affirm the persistence of a brand associated with the mission of agriculture, farmers and rural areas, always pioneering in providing credit and convenient banking products to the economy, especially in the field of "Tam Nong".


Agribank's achievements in 2019 continue to be confirmed as Agribank was ranked142/500 largest bank in terms of asset size in the Asia Pacific region (according to The Asian Banker) and in the top 10 banks in Vietnam in the list of 500 strongest banks by balance sheet evaluation in the region. According to VNR500 - TOP500 Vietnam's Largest Enterprise Rankings in 2019 recently announced, Agribank was honored the 8th position. This is the 10th time Agribank has been ranked in the TOP10 VNR500 and the first position in the commercial banking system in Vietnam. In the list of 1,000 largest corporate income tax payers in 2018 (V1000) announced by the General Department of Taxation, Agribank is in the Top 20 and ranked fourth among the banks paying the highest corporate income tax. The 2018 ranking continues to be a recognition of state agencies for businesses, including the contribution of Agribank to the State budget. This result also affirms that Agribank is a most efficient enterprises in Vietnam in 2018. Thus, after 3 years the General Department of Taxation made public the V1000 (2016-2018), Agribank is continuously the top commercial bank in this list.


Determining information technology factor as an important factor in improving competitiveness in the technology age, especially in the field of banking and finance, Agribank prioritizes investment in developing IT systems, focusing on expanding electronic distribution channels, products and services based on modern technology, maximizing added utilities for customers, thereby creating convenience for customers, as well as well implementing the non-cash payment scheme of the State Bank of Vietnam.


In 2019, Agribank had two products winning Sao Khue Award for the outstanding IT system category in the banking sector: ARS centralized remittance payment system and Agribank Bill Payment system; This is the fourth time Agribank has been honored to receive this prestigious award. To date, Agribank has contributed a total of seven excellent IT system services in the field of banking including: Agribank E Mobile Banking Application, EMV chip cards, electronic tax payment, cross-border payment via Internet banking, Bilateral payment between Agribank and the State Treasury, ARS, and Bill Payment.


Most recently, on November 27, 2019, Agribank was honored to receive two Vietnam Outstanding Banking Awards 2019, namely “Outstanding bank for high-tech agricultural investment” and “Outstanding bank for the community”. This is a prestigious award of the Banking industry held annually from 2012 to the present. The award is to honor the banks with outstanding performance across key or emerging business or product categories, services, gaining the attention of the banking community, making practical contributions to the development of the sector, meeting the needs and requirements of customers and society.

 

Kylie Nguyen
 

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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