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Vietcombank has strongest balance sheet in Vietnam: Asian Banker

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) was named as the bank with the strongest balance sheet in Vietnam by The Asian Banker, a finance and banking magazine.
Vietcombank has strongest balance sheet in Vietnam: Asian Banker ảnh 1 Chairman of the Board of Directors of Vietcombank Nghiem Xuan Thanh (centre) receives the award (Source: www.vietcombank.com.vn)

Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade ofVietnam (Vietcombank) was named as the bankwith the strongest balance sheet in Vietnam by The Asian Banker, a finance and bankingmagazine.

This is the second consecutive yearthat the bank has received the title, which was awarded in a ceremony to honourthe 500 largest banks in the region.

The ranking was basedon a detailed and transparent scorecard that ranks commercial banks on sixareas of balance sheet financial performance; the ability to scale, balancesheet growth, risk profile, profitability, asset quality and liquidity.

Vietcombankwas also named Vietnam’s best bank, best trade finance bank, best FX bank forcorporates & financial institution in 2014, and Vietnam’s best bank in2015.

In 2016, thebank’s total assets reached 787.9 trillion VND (34.7 billion USD), up 16.8percent year-on-year, with pre-tax profits of 8.52 trillion VND (375 millionUSD).-VNA

VNA
#Joint Stock Commercial Bank for Foreign Trade of Vietnam #Vietcombank #balance sheet #Asian Banker #financial performance #commercial bank #vietnamplus #Vietnam News Agency
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