The Bank for Foreign Trade of Vietnam (Vietcombank) has been awarded the title of 2009 Best Vietnamese Bank for a series of its trade finance activities by the AsiaMoney magazine.
This is the third consecutive year, Vietcombank has made it to the top at the AsiaMoney magazine’s selection.
Vietcombank said that it is the only Vietnamese bank to win six prizes from AsiaMoney this year. The award presentation ceremony is expected to be held in Hong Kong on September 24.
Vietcombank was awarded the prizes for the best provider of foreign currency services, the best trader on foreign currencies in the 2006-2008 period, and the best cash management.
Besides, Vietcombank was also ranked as the best bank for its creative ideas in foreign currency services, the best intermediator in the trade of foreign currencies and the bank owning the best online trading background.
The prizes were based on 15 operational activities of banks worldwide and assessed by 350 financial organisations and 1,200 companies in the Asian region.
As one of the largest and the most prestigious banks in Vietnam, Vietcombank now occupies a large market share, holding 10 percent of loans, 12 percent of deposits, 23 percent of international payments and 55 percent of card payments.
In the first six months of this year, the bank’s pre-tax profits are estimated to have reached 2.45 trillion USD, the largest amongst joint stock banks.
Last year, Vietcombank was selected as the best Vietnamese domestic bank, best foreign exchange service provider and best trade payments service provider by the AsiaMoney and the Trade Finance magazines./.
This is the third consecutive year, Vietcombank has made it to the top at the AsiaMoney magazine’s selection.
Vietcombank said that it is the only Vietnamese bank to win six prizes from AsiaMoney this year. The award presentation ceremony is expected to be held in Hong Kong on September 24.
Vietcombank was awarded the prizes for the best provider of foreign currency services, the best trader on foreign currencies in the 2006-2008 period, and the best cash management.
Besides, Vietcombank was also ranked as the best bank for its creative ideas in foreign currency services, the best intermediator in the trade of foreign currencies and the bank owning the best online trading background.
The prizes were based on 15 operational activities of banks worldwide and assessed by 350 financial organisations and 1,200 companies in the Asian region.
As one of the largest and the most prestigious banks in Vietnam, Vietcombank now occupies a large market share, holding 10 percent of loans, 12 percent of deposits, 23 percent of international payments and 55 percent of card payments.
In the first six months of this year, the bank’s pre-tax profits are estimated to have reached 2.45 trillion USD, the largest amongst joint stock banks.
Last year, Vietcombank was selected as the best Vietnamese domestic bank, best foreign exchange service provider and best trade payments service provider by the AsiaMoney and the Trade Finance magazines./.
