VietinBank Nghe An: Continue to maintain the leading position

(Baonghean) - In 2016, the Board of Directors of Vietinbank Nghe An branch had the right direction to direct the branch's operations in line with the orientation of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank). Thanks to that, all planned targets were achieved and exceeded, with profits reaching over 130 billion VND...

Head office of Vietnam Joint Stock Commercial Bank for Industry and Trade, Nghe An branch.

Right from the beginning of 2016, the Branch Director has proactively oriented the unit's operations, proposed positive and effective solutions, focusing on key tasks such as: Promoting the foundation and correcting the shortcomings of 2015 to stabilize and sustainably grow mobilized capital; Promoting the growth of outstanding loans to the economy in a safe and sustainable manner, focusing on marketing, disbursement to large projects, growing the retail sector, especially lending to individual business households and micro enterprises; increasing service revenue from cross-selling products, focusing more human and material resources on handling bad debt and backlog. Therefore, business activities have achieved good results.

Total mobilized capital by December 30, 2016 is expected to reach VND7,200 billion, completing 107% of the yearly plan; an increase of more than VND2,000 billion compared to the beginning of the year. Capital grew quite strongly in the individual customer and other deposit segments; residential deposits increased by nearly VND500 billion compared to the beginning of the year; other capital grew strongly, increasing by VND1,300 billion.

The branch's lending credit has grown strongly since the beginning of the year. Outstanding loans and investments reached VND5,252 billion, an increase of VND1,685 billion compared to the beginning of the year. Of which, outstanding loans to the economy reached VND4,681 billion. The growth rate of the retail sector increased by 27% compared to the beginning of the year, expected to reach a growth rate of 30% by December 31, 2016. The growth rate of outstanding loans to corporate customers reached 44% compared to the beginning of the year and is expected to reach over 45% by the end of the year.

Mr. Bui Xuan Dong - Director of Vietinbank Nghe An Branch

During the year, Vietinbank Nghe An branch focused on new marketing for loans and investment in TCKT bonds for highly feasible projects and large customers with financial potential. Credit contracts were signed with the amount of thousands of billions of VND and disbursed for many projects with large amounts of money, accelerating the growth of outstanding loans such as: Nam Non Hydropower Project - Nghe An Energy Development Company; LG Electronics Hai Phong - Vietnam Co., Ltd. Project; Thanh Thanh Dat Company's ship investment project; Viet Duc International Nutrition Co., Ltd.

Thanks to good marketing and customer care, placing customers in the position of companions and payers of bank staff, up to now, the number of customers borrowing and depositing money at the branch is very large, including nearly 200 large enterprises, small and medium enterprises with credit relationships. Good work in collecting budget, taxes and customs, helping businesses and people focus on developing production and business.

In addition, the bank also focuses on card services, POS (card payment acceptance). Up to now, 10,292 ATM cards have been issued; reaching 45% of customers, activation rate 58% (delivery plan 75%), POS installation reached 20 machines, reaching 39% of the plan.

Not only playing a leading role in the banking industry in terms of scale, brand..., in recent years, Vietinbank has also been a pioneer in social security activities. In 2016 alone, continuing its tradition, Vietinbank Nghe An branch has done a good job in charity work, sponsoring the construction of Quynh Phuong Commune Health Station, Hoang Mai town with 2.5 billion VND; building Thanh Giang Kindergarten (Thanh Chuong) with 3 billion VND; building Quynh Dien Commune Health Station (Quynh Luu) with nearly 2 billion VND; sponsoring scholarships for schools in the new school year 2016 - 2017 with 33 million VND.

In addition, mobilized cadres and employees to contribute to social charity funds, trade union gratitude funds, support Vietnamese Heroic Mothers in Dien Tho commune (Dien Chau), support social charity funds, children's protection funds, funds for the poor, disabled children... with hundreds of millions of VND.

Many poor districts and communes, after receiving support from VietinBank, have changed their appearance, the material, cultural and spiritual life of poor households and localities has been significantly improved and enhanced, people have houses to live in, better medical conditions for health care, safe and convenient transportation, children have good school facilities to play and study...

Customers transact at VietinBank headquarters.

In 2017, VietinBank Nghe An branch aims to achieve a growth rate of no less than 25% for all indicators, in which key indicators such as capital mobilization, lending, economic development investment, and services are striving for a growth target of over 30%.

To achieve the set goals, the bank continues to closely follow the economic development orientation of Nghe An province and the development orientation of the Vietnam Joint Stock Commercial Bank for Industry and Trade, thereby having positive and effective business solutions.

Mr. Bui Xuan Dong - Director of VietinBank Nghe An branch said: “VietinBank Nghe An branch is a large bank, in the area, together with a number of other commercial banks, is the “midwife” for the provincial economy. In 2016, at the beginning of the year there were difficulties and challenges, but with the determination of the entire Party Committee, the Board of Directors and all employees, all difficulties were pushed back and seized the opportunity to excellently complete its tasks. It is forecasted that in 2017, the whole country in general, Nghe An in particular, will have major economic fluctuations, these will be our new challenges. However, in terms of business strategy, VietinBank Nghe An branch has built feasible solutions combined with the foundation of having a team of highly qualified, dedicated staff, with a spirit of love for the industry and profession, and with the achievements achieved in 2016, we affirm that we will continue to excellently complete the tasks in 2017”.

Thu Huyen