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Vietnam Bank For Agriculture And Rural Development (Vietnam)

Main Activities: Commercial Banking
Full name: Vietnam Bank For Agriculture And Rural Development Profile Updated: February 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Vietnam Bank for Agriculture and Rural Development (Agribank) is a leading commercial bank in Vietnam. It was established in 1988 and has since played a key role in implementing monetary policies and supporting the growth of agriculture and rural areas. Agribank is the only commercial bank in Vietnam in which the State holds 100% of the charter capital. It has nearly 2,300 branches and transaction offices across the country, with a workforce of around 40,000 employees. Agribank's total assets reached VND 1,398,110 billion as of September 30, 2019. The bank focuses on providing convenient banking products and services, with over 200 offerings, to improve access to banking services, especially in agriculture and rural areas. Agribank also actively contributes to social security support and has received recognition and awards for its achievements in serving agriculture, farmers, and rural economic development. In 2019, Agribank received the highest rating for commercial banks in Vietnam from Moody's Investors Service. The bank is currently implementing its business strategy for the period 2016-2020 and aims to maintain its leading position in the agricultural and rural financial market.

Headquarters
No. 02, Lang Ha Street, Thanh Cong Ward
Ha Noi (municipality); Red River Delta; Postal Code: 10000-14000

Contact Details: Purchase the Vietnam Bank For Agriculture And Rural Development report to view the information.

Website: https://www.agribank.com.vn

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
February 26, 2004
Key Executives
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General Director
Ownership Details
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100%
Subsidiaries
Agribank Assets Management Company Limited
100%
Agribank Banking Services Company Limited
100%
Agribank No.1 Leasing Company
100%
Company Performance
Financial values in the chart are available after Vietnam Bank For Agriculture And Rural Development report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net interest income
28.74%
Net fee and commission income
-6.65%
Operating profit (EBIT)
25.95%
Net Profit (Loss) for the Period
46.36%
Total assets
10.54%
Loans and advances to customers
9.75%
Deposits from customers
5.28%
Total equity
14.37%
Total Assets Trend
2.38%
Net Interest Income Trend
21.66%

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