Against the backdrop of increasingly diverse financing needs for production, business activities, and local economic development, the Co-operative Bank of Vietnam (Co-opBank) – An Giang Branch continues to uphold its role as the bank of the People’s Credit Fund (PCF) network, while proactively providing funding to businesses, cooperatives, and individual customers.
Credit Growth Driven by Safety and Efficiency
In the first months of 2026, Co-opBank An Giang Branch continued to maintain stable operations and achieve positive growth, despite the numerous difficulties and challenges facing production and business activities.
As of July 31, 2026, Co-opBank An Giang Branch’s total capital reached VND 1.094 trillion, up 5.74% from the end of 2025. Total outstanding loans stood at VND 1.009 trillion, representing an increase of 7.11%. Notably, within the credit portfolio, outstanding loans to the PCF Network reached VND 139 billion, surging by 54.06% compared with the end of 2025. Meanwhile, outstanding loans to businesses and individual customers reached VND 870 billion, up 2.13%.
These results demonstrate that Co-opBank An Giang Branch has not only maintained growth in scale but also focused its funding on sectors and customer groups aligned with Co-opBank’s functions and responsibilities. Supporting the PCF Network, providing capital for production and business activities, and meeting legitimate financing needs for people’s livelihoods and daily lives remain key priorities.
In its operations, Co-opBank An Giang Branch consistently recognizes that credit growth must go hand in hand with safety, efficiency, and effective risk management. Particular attention is paid to customer appraisal, assessment of capital utilization plans and repayment capacity, as well as monitoring the intended use of funds. These measures contribute to improving credit quality and directing capital toward productive and efficient activities.
At the same time, Co-opBank An Giang Branch continues to support the cooperative economic sector, facilitating access to financing for cooperative members to meet their production and business needs. As of July 31, 2026, 52 cooperative members from nine cooperatives had outstanding loans from Co-opBank An Giang Branch, with total outstanding loans of VND 24 billion and loan disbursements during the period reaching VND 26 billion. Furthermore, Co-opBank An Giang Branch also leverages the role of the PCF Network in channeling capital to members, households, and other economic entities in rural areas.
In addition to its business operations, Co-opBank An Giang Branch actively engages in social welfare activities. During the 2023-2026 period, Co-opBank An Giang Branch collaborated to implement educational support programs with total funding of approximately VND 375 million. The Branch also sponsored VND 79 million to construct a “Great Solidarity House” for a near-poor household in Long Xuyen Ward. The management and staff of Co-opBank An Giang Branch proactively participate in gratitude campaigns, poverty alleviation initiatives, and support for disadvantaged groups in the local area.
Supporting 41 PCFs, Strengthening Resources for the Grassroots Economy
One of the crucial roles of Co-opBank An Giang Branch is capital intermediation, liquidity support, and meeting the funding needs of the PCF network. Currently, the Branch supports 41 PCFs across An Giang and Dong Thap provinces, including 24 PCFs within An Giang province.
Mr. Dang Hoang Ngo – Director of Co-opBank An Giang Branch, stated that as of July 31, 2026, loan disbursements to 41 PCFs reached VND 388 billion. The outstanding loan balance stood at VND 139 billion across 19 borrowing PCFs, marking a 54.06% increase compared to the end of 2025. In An Giang alone, loan disbursements hit VND 329 billion with an outstanding balance of VND 110 billion, up 53%. Additionally, the outstanding balance of syndicated loans with PCFs reached VND 33 billion, an increase of 32.51%.
The capital supported by Co-opBank An Giang Branch enables PCFs to enhance their liquidity and proactively secure resources to serve members, households, and business establishments in rural areas. Consequently, formal credit flows are brought closer to the public, contributing to local socio-economic development.
Along with supporting PCFs, Co-opBank An Giang Branch maintains credit provision for corporate and individual clients. By July 31, 2026, the outstanding loan balance for this customer segment reached VND 870 billion, a 2.13% increase from the end of 2025. Credit growth is strategically aligned with the efficiency of loan utilization, repayment capacity, and risk management, directing capital flows toward practical production, business operations, and essential living needs.
Digital Transformation: Bringing Banking Services Closer to the Public
In parallel with credit activities, digital transformation has become a key strategic focus for Co-opBank An Giang Branch. The Branch is progressively shifting its approach from primarily providing capital support to PCFs to offering comprehensive assistance across multiple areas, including guidance, consultation, networking, and facilitating access to modern banking products and services.
As of July 31, 2026, Co-opBank An Giang Branch has assisted 29 out of 41 PCFs in An Giang and Dong Thap provinces in joining the CF-eBank electronic funds transfer system. In An Giang province alone, 20 out of 24 PCFs have participated. Through the CF-eBank system, outward remittance volume reached VND 838 billion across 8,391 transactions, while inward remittance volume stood at VND 734 billion with 16,908 transactions.
The expansion of the electronic funds transfer system enables PCFs to conduct transactions more rapidly, safely, and conveniently, gradually reducing reliance on traditional transaction methods.
Additionally, Co-opBank An Giang Branch coordinates the deployment of payment and banking services through the PCF network. By July 31, 2026, 21 PCFs were processing payroll (including 10 in An Giang), and 16 PCFs were licensed as payment agents for Co-opBank (including 13 in An Giang). This is considered a highly suitable approach for the specific characteristics of rural areas. Through the PCF network, payment and banking services can be brought closer to residents right in their local communities.
Notably, by July 31, 2026, Co-opBank An Giang Branch had facilitated the opening of 4,044 payment accounts for PCF members and customers (with 3,090 accounts in An Giang alone), while simultaneously opening 12,176 payment accounts for individual clients.
These results demonstrate that digital transformation at Co-opBank An Giang Branch goes beyond the mere application of technology in internal operations; it is progressively translating into concrete products and services. This transition actively contributes to promoting cashless payments and enhancing access to modern financial services in rural areas.
Toward Sustainable Growth and Local Partnership
Building on its recent achievements, Co-opBank An Giang Branch will continue to prioritize capital flows for production, business operations, and sectors that generate value for the local economy, while strictly monitoring credit quality. With a network of 41 PCFs across An Giang and Dong Thap, the Branch will further its role in capital intermediation and liquidity support, as well as expand syndicated lending models. Through these efforts, funding will be brought closer to the public and the grassroots economy.
Alongside credit operations, digital transformation and cashless payments will be key strategic areas targeted for acceleration, particularly through the PCF network and payment agent models. This goes beyond the mere modernization of banking services; it actively broadens financial inclusion for rural residents.
From supporting PCFs to partnering with businesses, cooperatives, and citizens, Co-opBank An Giang Branch is advancing toward a broader objective: channeling financial resources precisely where they are needed, fueling momentum for business operations, and contributing to the sustainable development of the locality.
Source: Industry and Trade Newspaper
