The Vietnam Bank for Agriculture and Rural Development or Agribank ( vi, Ngân hàng Nông nghiệp và Phát triển Nông thôn Việt Nam) is the largest
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
in Vietnam by total assets. It is a state-owned corporation under a special status. According to a report by the
United Nations Development Programme
The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human dev ...
, Agribank is also the largest corporation in Vietnam.
History
The bank was founded on 26 March 1988, by the then-Council of Ministers of Vietnam as a specialised bank aimed at rural and agricultural development as Vietnam Bank for Agricultural Development. The bank built on the agency network of the
State Bank of Vietnam
The State Bank of Vietnam ( vi, Ngân hàng Nhà nước Việt Nam) is the central bank of Vietnam. It currently holds an about 65% stake of VietinBank - the country's largest listed bank by capital.
History
When Indochina was under French ...
for its branches. On 14 November 1990, it was replaced by the Vietnam Bank for Agriculture by a prime ministerial decision. On 15 November 1996, it was renamed again to Vietnam Bank for Agriculture and Rural Development.
Size
Agribank is the largest bank in Vietnam by most measures: capital, total assets, staff, operating network, and clients. Its capital as of March 2007 was
VND 267.000 billion, with an equity of VND 15.000 billion and total assets of almost VND 239.000 billion. The bank operates 2,225 branches and transaction offices nationwide and employs approximately 40,000 staff.
See also
*
List of banks in Vietnam
This is the list of banks in Vietnam, as of 2019.
State-owned Banks
Private Joint-Stock Commercial Banks
* Orient Commercial Joint Stock Bank (OCB)
* Asia Commercial Bank (ACB)
* Tien Phong Commercial Joint Stock Bank (TP Bank)
*Hanoi Buildi ...
*
AgriBank (disambiguation) AgriBank is a U.S. Farm Credit Bank that is part of the U.S. Farm Credit System.
AgriBank may also refer to:
* Vietnam Bank for Agriculture and Rural Development a commercial bank in Vietnam also known as Agribank
* AgriBank PLC, a bank in Malta
...
References
External links
*
Official website
{{authority control
Banks of Vietnam
Government-owned companies of Vietnam
Banks established in 1988
Vietnamese brands