Business

Agribank receives service recognition

The Vietnam Bank for Agriculture and Rural Development (Agribank) has been awarded the 2014 prize for Excellence in Payment Quality by the US’s Wells Fargo Bank.
The Vietnam Bank for Agriculture and Rural Development (Agribank) hasbeen awarded the 2014 prize for Excellence in Payment Quality by theUS’s Wells Fargo Bank.

The award acknowledges the bank’s success in completing and improving its payment service quality in the past year.

Accordingto Agribank’s head of Financial Institutions, Pham Duc Tuan, the awardproves the bank’s efforts in improving service quality and confirms itsgrowing reputation in the international market.

Agribank is the largest commercial bank in Vietnam in terms of total assets, liabilities, branch networks and staff numbers.

Bythe end of April 2015, the bank’s total capital in the marketreached over 720 trillion (34.3 billion USD), while total loans reachedmore than 560 trillion (26.7 billion USD).

Wells Fargo is the third largest bank in term of assets in the US and is 17th in the world.

For over 20 years, the two banks have partnered in many fields. Agribank’s account at Wells Fargo opened in 1998.-VNA
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