Scene at 2015 Asian Banker Summit (Photo: theasianbanker.com) Hanoi (VNA) - A Vietnamese chief executive officer (CEO) and a dozen domestic banks were honoured at the Asian Banker Leadership Achievement Awards Dinner in Hanoi on May 10, among peers from the Asia Pacific and Middle East.
Singapore-headquartered The Asian Banker, the region's provider of strategic business intelligence to the financial services community, hosted the event with the State Bank of Vietnam (SBV).
Vietnam's awards for CEO leadership achievement and the best-managed bank went to Military Bank CEO Le Cong, who created appropriate strategies and solutions to curb credit growth and manage default risks.
"With his focus on the bank's prudent credit growth and efficiency, the average year-on-year credit growth stood at 17 percent in the past three years, while keeping the non-performing loan ratio below 2 percent," the organisers said in a news release.
SeABank, which leveraged its data analytics capability to offer a more customer-centric auto-loan product, won best auto-loan product in Vietnam. The Sai Gon-Hanoi Bank won awards for best deposit product and best brand initiative in the country after it was able to grow its retail deposit size by 32.4 percent last year.
The best credit card product in Vietnam was awarded to Vietcombank, which led its peers with 21 percent share of the domestic credit card market. Tien Phong Bank, whose online transactions accounted for 35 percent of its total retail transactions, was named the country's best internet banking initiative.
Agribank won the award for best microfinance product in Vietnam, with its microfinance business contributing to half of total retail income and a net interest margin of 2.5 percent last year. The best mortgage product in the country was awarded to the Bank for Investment and Development of Vietnam, whose mortgage loans skyrocketed by 88 percent, securing 20 percent of the industry's market share in 2015.
Vietnam International Bank, which effectively utilised various social media platforms to increase the number of engaged users by 26 percent year-on-year, won best social media intitiative in Vietnam. The best cloud-based project in the country was Asia Commercial Bank, which provided real time communications and enterprise social interaction on a public cloud platform.
The award for best mobile banking project in Vietnam went to Techcombank and SAP, which achieved a notable increase in mobile banking market shares and reduced customer churn by half. The best treasury management project in the country also went to Techcombank and Misys, as the bank implemented a treasury system that enabled real-time risk management dashboard and alerts.
"I'm very pleased to see that more Vietnamese banks have been awarded…These awards show the acknowledgement and high appreciation of the regional and international community for the achievements that Vietnam has gained in its reform agenda," said SBV Deputy Governor Nguyen Thi Hong, adressing the ceremony.
The May 10 event kickstarted the three-day Asian Banker Summit 2016, where participants will discuss challenges for bank managers, infrastructure for financial markets, international banking transactions, and supply chains and technology in the banking sector.-VNA
