17 Vietnamese banks enter list of 500 strongest banks in Asia Pacific
Hanoi (VNA) – Seventeen
Vietnamese banks were listed among the 500 strongest banks in the Asia Pacific
region.
Of 17 Vietnamese banks, the
Investment and Development of Vietnam (BIDV), Vietinbank and Vietcombank were ranked
highest, at 161st, 173rd and 193rd, respectively.
Other Vietnamese banks listed
include the Saigon Commercial Bank, the Saigon Thuong Tin Commercial Joint
Stock Bank, the Military Commercial Joint Stock Bank, the Saigon-Hanoi
Commercial Joint Stock Bank, the Asia Commercial Joint Stock Bank, the Vietnam
Prosperity for Joint Stock Commercial Bank, and Techcombank.
The remaining banks are the Vietnam
Export Import Commercial Joint Stock Bank, the HCM City Development Joint Stock
Bank, the Vietnam Maritime Commercial Joint Stock Bank, the Vietnam
International Commercial Joint Stock Bank, Tien Phong Bank, and the HSBC Bank
Vietnam.
The list was based on assets of banks in the
region including countries and territories like Australia, China, Hong Kong,
Japan, New Zealand, the Republic of Korea, Singapore, and Vietnam.
Banks were assessed on profit, growth in
profit, growth in loans, growth in deposits, return on assets, return on
equity, cost to income ratio, non-interest income ratio, gross non-performing
loans ratio and capital adequacy ratio.-VNA