Agribank annual report 2011

ANNUAL REPORT 2011 AGRIBANK Add: 18 Tran Huu Duc, My Dinh 1, Tu Liem, Ha Noi Tel: (84-4) 37724621 Fax: (84-4) 38313717 www.agribank.com.vn VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT Bring prosperity to customers Annual report 2011 VIETNAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT Bring prosperity to customers [...]... Offices ADMINISTRATIVE ENTITIES SUBSIDIARIES Branches 31 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 OVERALL STRUCTURE OPERATIONS CENTER Financial Statements 2011 For the year ended 31 December 2011 32 33 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 CONSOLIDATED INCOME STATEMENT for the year ended 31 december 2011 Unit: VND million 2011 2010 Interest and similar income 77,222,886 (50,495,563)... implement social security policies 22 23 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Awards achieved in 2011 24 25 Highly Automatic Straight Through Processing Award Vietnam’s Top 500 Largest Enterprises (VNR 500) Business with the best products and services in 2011 Excellence in bank card operations AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Straight Through Processing Award... security, thereby promoting the brand, and enhancing the bank’s position and competitiveness 41 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 ORIENTATION 2012 Implement rigorous Agribank restructuring plan when approved by the Government 43 42 AGRIBANK ANNUAL REPORT 2011 NETWORK AGRIBANK ANNUAL REPORT 2011 OPERATING OPERATING NETWORK HO CHI MINH CITY AREA Sai Gon 2 Vo Van Kiet Street, Nguyen... ward, Loc Thanh commune, Bao Lam district, Lam Dong province 59 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Ham Tan District T-junction 46, Tan Nghia town, Ham Tan District, Binh Thuan Luong Son National Road 1A, KP Luong Nam, Luong Son town, Bac Binh District, Binh Thuan AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 OF CORRESPONDENT BANKS 61 NETWORK 60 NETWORK OF CORRESPONDENT... products and services offered by Agribank as of end of 2011 continued to assert Agribank s strengths especially in products and services for domestic payment 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2007 2008 2009 2010 2011 AGRIBANK ANNUAL REPORT 2011 6,000 The year 2011 marked a sustainable development of Agribank on the card market as Agribank affirmed its leading position... Accountant Mr Kieu Trong Tuyen Executive Deputy General Director 35 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Prepared by Unit: VND million CONSOLIDATED STATEMENT of financial position AS AT 31 december 2011 Unit: VND million 31/12 /2011 31/12/ 2010 CONSOLIDATED STATEMENT of financial position (continued) AS AT 31 december 2011 ASSETS Cash and cash equivalents 8,548,738 8,579,998 Balance... Chairman of Board of Directors Member of Board of Directors Member of Board of Directors Mr Nguyen Xuan Dong Member of Board of Directors Organizational structure 26 27 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Board of Directors of Agribank Mr Dang Van Quang Ms Le Thi Thanh Hang Mr Nguyen Quoc Hung Mr Vu Minh Tan Mr Trinh Ngoc Khanh Mr Nguyen Tien Dong Deputy General Director Deputy General... information security 21 AGRIBANK ANNUAL REPORT 2011 Deployment of ATMs/EDCs period 2007 -2011 20 7 Risk Management In 2011, Agribank set up risk provision fund valued at VND 10,471 billion, brought the bad debts of VND 2,559 billion to off-balance sheet, and recovered the bad loans of VND 2,066 billion To improve the governance and risk management capabilities and implement the customer policy, Agribank completed... Province Dinh Lap District Zone 3 Dinh lap Town, Dinh lap District, Lang Son Province Van Quan District Duc Tam II Street, Van Quan Town, Van Quan District, Lang Son Province 45 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Branch 3 596A Nguyen Dinh Chieu Street, Ward 3, District 3, Ho Chi Minh City Gia Dinh 22 Quang Trung Street, Ward 11, Go Vap District, Ho Chi Minh City OPERATING NETWORK... Thach Ha Town, Thach Ha District, Ha Tinh Province Loc Ha District Loc Ha Town, Loc Ha District, Ha Tinh Province Ky Anh District Ky Anh Town, Ky Anh District, Ha Tinh Province 49 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 Hai Ha District No 18 Ly Thuong Kiet Street, Hai Ha District, Quang Ninh province Song Da Ly Nam De, Tan Thinh, Hoa Binh City, Hoa Binh Province Con Cuong District Con Cuong . DEVELOPMENT AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 30 31 fINaNCIal STaTEmENTS 2011 FOR THE YEAR ENDED 31 DECEMBER 2011 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 32. billion 2009 600,000 500,000 400,000 300,000 200,000 100,000 0 2010 2011 2009 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 2010 2011 Year 2011Year 2010Year 2009 AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 12. budget collecting process of Agribank has been highly appreciated by concerned parties. AGRIBANK ANNUAL REPORT 2011 AGRIBANK ANNUAL REPORT 2011 8 9 AGRIBANK OVERVIEW 2011 BuSINESS ENVIRONmENT Operating