agribank.docx

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History:

In 1988, the Agricultural Development Bank of Vietnam was established by Decree No.

53/HDBT dated 26 March, 1988 of the Council of Ministers (now the Government) with

the reform of the financial system and the introduction of commercial banks in Vietnam.

The Agricultural Development Bank of Vietnam was created out of the State Bank of

Vietnam (SBV): from all provincial branches of SBV, Agriculture Credit Division, funds

at different provincial/district branches of SBV; specifically, Agribank was formerly the

Agriculture Credit Department of SBV with personnel from Commercial Credit

Department, Bank for Investment and Construction, Department of Accounting, and a

number of functional units.

On 14 November, 1990, President of the Council of Ministers (now the Prime Minister)

signed Decision No. 400/CT on establishment of the Vietnam Bank for Agriculture

(VBA) to replace the Agricultural Development Bank of Vietnam. The Vietnam Bank for

Agriculture was by law a legal entity having universal banking functions with major

focus on agricultural sectors and rural areas, and responsible for its own finance,

operations.

On 1 March, 1991, the Governor of the State Bank of Vietnam issued Decision No.

18/NH-QD on establishment of representative office of Vietnam Bank for Agriculture in

Ho Chi Minh city, and on 24 June, 1994, the Governor issued document no. 439/CV-

TCCB with the approval to set up representative office of Agribank in the Central region

in Quy Nhon cityBinh Dinh province.

On 22 December, 1992, the Governor of the State Bank of Viet Nam issued DecisionNo. 603/NH-QD on the establishment of VBA provincial branches. As described in the

Decision, Agribank has three Operations Centers, i.e., No I, II, III in Hanoi, Ho Chi Minh

City Representative Office and the Central Region Representative respectively. Besides,


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VBA had 43 branches at provincial/city level and 475 branches at district/commune

level.

In 1993, VBA promulgated emulation and commendation regulations in all positions and

tasks to create standards for individuals and functional units to strive for excellent

performance. In the same year, VBA also successfully organized a conference at national

level with the participation of the best District Branch Managers all over the country.

On 30 July, 1994, by Decision No.160/QD-NHN9, The Governor of the State Bank of

Vietnam approved new innovative management system model of the Agribank, on that

basis, the General Director of VBA specified in writing in document No.

927/TCCB/VBA dated 16 August, 1994 which detailed as: the Vietnam Bank for

Agriculture had two levels: Advisory level and Operational level. This was truly a turning

point in the organizational structure of VBA and set the foundation for business

operations of the existing Vietnam Bank for Agriculture and Rural Development.

On March 7th, 1994 pursuant to the Decree No 90/TTg of the Prime Minister, VBA

began to be organized into a State-owned Corporation with the organizational structure

consisting the Board of Directors, General Director, assisting apparatus including

apparatus for internal control, subsidiaries including dependent accounting business

units, independent accounting business units, and executive and non-executive functions

were clearly separated, in which Chairman of Board of Directors and General Director

were two separate roles.

Based on good results of the Preferential Loan Funds for poor households, VBA made

recommendations to set up the Bank for the poor, and the idea was supported by theGovernment, the State Bank, and the public at large. On 31 August, 1995, the Prime

Minister issued Decision No. 525/TTg on the establishment of the Bank for the poor.

The Vietnam Bank for the Poor (VBP) was a credit institution operating nationwide,

having legal status, owned charter capital, assets, and balance sheet, legal seal,


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headquartered in Hanoi. Initial operating capital was VND 400 billion of which the

Vietnam Bank for Agriculture contributed VND 200 billion, Bank for Foreign Trade of

Vietnam contributed VND 100 billion and the State Bank of Vietnam contributed VND

100 billion. The Vietnam Bank for the Poor was set up to eliminate hunger and alleviatepoverty, operating not for profit but for capital preservation, capital development and cost

recovery. The Bank for the Poor was actually a thriving operational division of the

Vietnam Bank for Agriculture. As of September 2002, total outstanding loans of the

Vietnam Bank for the Poor reached VND 6,694 billion, gaining high prestige both at

home and abroad, appreciated by international organizations and highly supported by the

public. The Bank for the Poor was renamed Vietnam Bank for Social Policies (VBSP) in

March 2003. It was the Vietnam Bank for Agriculture that proposed the establishment,

the implementation and the support for the VBP which was the precursor for the VBSP.

This is a great pride of the Vietnam Bank for Agriculture and Rural Development in

economic development and poverty reduction of the country.

On 15 November, 1996, authorized by the Prime Minister, the Governor of the State

Bank of Vietnam issued Decision No. 280/QD-NHNN to rename the Vietnam Bank for

Agriculture into Vietnam Bank for Agriculture and Rural Development (AGRIBANK).Under the new name, Agribank is allowed to carry out commercial banking activities but

with a focus on investment for agricultural sector and rural areas by providing medium

and long-term loans for infrastructure development, particularly agriculture, fishery,

forestry, contributing to the cause of industrialization and modernization of agriculture

and rural development.

In 2001, Agribank entered into a restructuring phase. The Restructuring Plan includes

debt restructuring, strengthening the bank financial capacity, improving asset quality, and

complying with international accounting international standards, commercialization,

organizational and operational remodeling according to International best practice. By the

end of 2001, Agribank had become the leading commercial bank in Vietnam, with the


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most extensive network of branches in rural areas. In 2002, Agribank became a member

of APRACA and the Confederation International du Credit Agricole (CICA).

In 2002, Agribank expanded operation at home market as well as strengthened

international relations. By the end of 2002, Agribank has been a member of reputable

associations such as APRACA, CICA and ABA, VBARD General Director was an

official member of The Board of Management of APRACA and CICA.

In 2003, Agribank sped up implementation process of Restructuring project in order to

improve business activities in large-scale with high quality. Thanks to significant

achievements in Doi moi Period, great contributions to social-economic development as

well as rural and agricultural modernization and industrialization, the President of

Socialist Republic of Viet Nam issued Decision No 226/2003/QD/CTN dated May 7th,

2003 on awarding the Title of Labor Hero of the Doimoi period to Agribank.

By 2004, after 4 years of implementation Agribanks restructuring plan in the period of

2001-2010, Agribank reached encouraging achievements. Financial position was

cleaned up by loans restructuring and recapitalisation, 90% of NPLs were settled.

Organizational structure had been gradually improved aiming at strengthening

management capacity. Management mechanism at Head Office and branches had been

reinforced, business self-control was enhanced.

By the end of 2005, Agribanks equity reached VND 7,702 billion; the total assets were

over of VND 190,000 billion, the network comprised over 2,000 branches and 29,492

staffs accounting for 40% of total bank staff nationwide. Agribank applied advanced

technology, providing high quality banking services and products. So far, Agribank has

received and implemented 68 projects funded by international organizations worth USD

2,486 million, in which USD 1.5 billion have been disbursed through Agribank.

Agribank currently has correspondent relationship with 932 foreign banks located in

112 countries and territories throughout the world and became the member of leading

credit institutions and organizations.


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Thanks to the breakthrough and innovative measures, since 2006, Agribank has begun

to thrive. By the end of 2007, total assets reached VND 325,802 billion, equivalent to

USD 20 billion, increasing by almost 220 times compared with the first years of

establishment. Total outstanding loans reached VND 242,102 billion, 70% of whichwere granted to rural and agricultural sector with around 10 million farming households,

loans granted to small and medium enterprises accounted for over of 36% with around

30,000 enterprises. Total funds reached VND 295,048 billion, which were mainly

mobilized.

The year 2008 marked the path of 20 years of development of Agribank. This year is

also an important year in the international economic integration process under the

direction of Party and the Government. Agribanks development strategy is to become a

multi-sector, multi-function, multi-owner financial group. Following to this, the bank

has identified its key goals: remaining the dominant role in rural and agricultural

financial market, being the fellow of around 10 million farming households, speeding

up the restructuring process, completely settling NPLs, reaching Capital Adequacy

Ratio (CAR) following international standards, improving IT infrastructure,

diversifying products, increasing service quality, preparing qualified staff, ensuring

employees interests, promoting awareness of AGRIBANK brand and culture.

Aware of the importance of non-traditional credit products and services, during 2009,

Agribank utilized modern information technology to develop and introduce modern

banking products and services including: Mobile Banking related services, such as SMS

Banking, VnTopup, A Transfer, A Paybill, and VnMart; payment connectivity with the

State Treasury, in coordination with Taxation and Customs Offices for the collection of

state budget; and the issuance of more than 4 million cards of all kinds.

2009 was also the year Agribank placed a strong focus on training and fostering its staff

to meet the requirements of competition and integration. Throughout the year, Agribank

conducted training and retraining to a total of 142,635 attendee staff members (an


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increase of 57% attendance compared with 2008); successfully implemented online

training model, and recruited more than 2,000 young staff with strong educational

foundation, foreign language skills and IT knowledge in order to prepare human

resources for the following years. At the end of 2009, total assets of Agribank reachedVND 479,000 billion, an increase of 22% compared with 2008; total funding resources

reached VND 434,331 billion, and total outstanding loans to the economy reached VND

354,112 billion, of which outstanding loans to agricultural and rural areas was VND

242,062 billion.

Also in 2009, Agribank was honored to welcome General Secretary of the Communist

Party of Vietnam Nong Duc Manh to visit on the occasion of the celebration of its

founding and 21 years (26 March, 198826/3/2009). It was also honored to be awarded

with different certificates of merit and other noble awards from the Party, State,

Government, banking industry, and other reputable organizations, including: Top 10

Vietnam Gold Star Award, Vietnams Top 10 most prestigious brands, the title of

Business for Sustainable Development recognized by the Ministry of Industry and

Trade, and VNR500s Top 10 enterprises.

In 2010, Agribanks in Top 10 of 500 largest enterprises in Vietnam. To enforce the

credit institutions in 2010 and to implement the Decree No. 59/2009/ND-CP of the

Government on organization and operation of commercial banks, Agribanks Directive

Board has promulgated and implemented new Article on organization and operation

replace the Regulation enacted in 2002. Also in 2010, Agribank approved by the

Government for adding VND 10,202.11 billion, bringing up the total charter capital to

VND 20,810 billion, and continuously to be the largest Financial Institution in Vietnam.

Always leading in implementing the guidelines of the Party, Government, and the

monetary policy of the SBV, Agribank has actively implemented the Decree No. 41/2010

/ ND-CP on the basis of 10-year implementation of Decision 67/1999/QD-TTg on the

credit policy for development of agriculture and rural areas, and further confirmed the


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main role in agricultural investment with the proportion of rural lending always

accounted for 70% of the outstanding loan of the whole Agribanks system. In 2010,

Agribank reached the title No 1 Bank in Vietnam for cardholder development with 6.38

million cards, and speed up the development in services and products, especially for localmarket. On June 28, 2010, Agribank officially opened its branch in Cambodia, and on

November 20, 2010 the bank informed the establishment of Agribank Banking School

(formerly Training Center). Also in 2010, Agribank successfully held the 8th Congress

Party (term of 20102015), the 3rd Excellent Individuals Meeting, the 6th Sport Festival

of the Bank.

In 2011, by Decision No 214/QD-NHNN, dated on 31/01/2011, approved by The

Governor of the State Bank of Vietnam, Agribank has completely changed

into Ltd Company with 100% capital of state.

On November 2011, Agribank was approved by the Government to add VND 8445.47

billion, reaching the number of VND 29,605 billion, continuously to be the bank of

greatest capital in Vietnam, ensuring CAR higher than 9% as prescribed by the State

Bank of Vietnam.

In 2011 Agribank has invested in "Tam Nong" (Agriculture, Farmer and Rural area) hits

VND 300,000 billion, to be the leading credit institution for pilot lending for the new

rural construction, which contributed to the initial success of the National targets

programme on new rural construction for the period of 2010 - 2020 directed by the

Government.

Also in 2011, Agribank won the title "Enterprise of best products and services",

and awarded the Cup of "Outstanding bank in card activities," for the achievements,

contribution of Agribank in card development in particular and non-cash payments in

general.

General information:


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Agribank is the largest bank in Viet Nam in terms of capital, assets, workforce, operating

network and customer base. As of October 2012, the leading role of Agribank has been

confirmed by:

- Total asset: VND 560,000 billion- Total fund resource: VND 513,000 billion- Equity: VND 29,605 billion- Total outstanding loans: VND 469,000 billion- Operating network: 2,400 branches and transaction offices nationwide- Personnel: 42,000 staffs

Agribank has always focused on the innovation and application of banking technology in

favor of business administration and the development of an advanced banking services

network. Agribank is one of the banks in Viet Nam who have the largest number of

correspondent banks with 1,033 correspondent banks in 92 countries and territories.

With the position of a leading commercial bank in Viet Nam, Agribank has shown its

great efforts, reaching encouraging achievements, and contributing greatly to the nations

industrialization and modernization as well as economic development.

Chi nhnh Bc Ninh

- Address:- Email:[email protected] Tel:- Fax:- Tax Registration Number:- Capital: 24,000,000,000,000 VND- Type of company: Company Limited.- Services & Products:
mailto:[email protected]:[email protected]:[email protected]:[email protected]


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1. Treasury and Financial Reporting: liquidity and cash managementservices; a variety of sophisticated loan products; efficient operations;

and centralized asset/liability risk management.

2.

Credit: Commercial Lending; Insurance Operations; InterestManagement.

3. Other services: Credit security insurance; Insurance for internationalcardholders.


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Structure:


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DUTIES OF EACH DEPARTMENT

1. Director:- Planning business strategies and branchs organizing projects to submit for

superiors.

- Directly operating the affairs of the branch fairly and impartially withoutdiscrimination in favor of or against any member.

2. Sales Department:- Improving the sales of the bank and having responsibility for reaching out to

new/potential customers and canvassing them to open bank accounts or to

Board of Director

Accounting Department

International Payment

Department

Administration Department

Sales Department

Inspection Department


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apply for loans and other products like credit card. If the sales department is

not working efficiently, the bank may not be able to expand its customer base.

3. International Payment Department:-

Having responsibility for purchase and sell foreign exchange for customers.4. Accounting Department:

- Managing the bank's accounting system and is responsible for keeping theaccounts and mandatory ledgers.

- Issuing instructions on the structuring and execution of accounting entries bythe various organizational units and carries out the related controls.

- Preparing the annual accounts and accompanying documents, as well as theperiodic reports and accounting data for statistical reporting to national and

international entities and organizations.

5. Administration Department:- Providing support and service for the activities of the Board of Directors- Expanding and reorganizing of Bank market network.- Creating appropriate condition for efficient operation of structural Bank

subdivisions.

- Managing human resources and all assets of branch.6. Inspection Department

- Ensuring the safety and soundness of branch through periods- Determining the degree of importance and impact of various risks on the

operations of branch.

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