Business

BIDV listed in world’s 2,000 largest companies

The Bank for Investment and Development of Vietnam (BIDV) has made its way into Global 2000, a list of the world’s largest and most powerful enterprises selected by US business magazine Forbes.
BIDV listed in world’s 2,000 largest companies ảnh 1Transactions at BIDV (Photo: BIDV)

Hanoi (VNA) - The Bank for Investment and Development of Vietnam (BIDV) has made its way into Global 2000, a list of the world’s largest and most powerful enterprises selected by US business magazine Forbes.

In the past few years, the bank has received a array of prestigious awards from both domestic and international organisations for their stellar performances.

Along with the successful merger with Mekong Housing Bank (MHB), BIDV fulfilled its business target in 2015, according to BIDV General Director Phan Duc Tu.

By the end of December 31, BIDV’s assets totaled 857 trillion VND (38.2 billion USD), increasing 25 percent from 2014’s figure. The bank’s charter capital stood at over 34 trillion VND (1.5 billion USD) while profit before tax was estimated at over 7 trillion VND (312.3 million USD), rising 16 percent from the previous year.

BIDV has been evaluated by Moody’s and Standard and Poor (S&P) credit rating agencies, as a bank with sustainable prospects, and is among the Vietnamese financial institutions recieving the highest credit rating from the agencies.-VNA

VNA
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