Vietcombank named Vietnam’s strongest bank by balance sheet

10/23/2017 - 8:28:53 AM

The Asian Banker, a leading finance-banking magazine in Asia, has held an award ceremony to honor the top 500 strongest banks in then Asia Pacific region (AB 500 Rank 2017.

Chairman of the board of directors of Vietcombank, Nghiem Xuan Thanh (C) receiving the award. Photo: thesaigontimes.vn

The joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is the only representative from Vietnam to attend the event and to receive the award "Vietnam’s strongest bank by balance sheet.”

Notably, 2017 is the second consecutive year Vietcombank receives this award.

The award ceremony is an annual activity by The Asian Banker Magazine in order to evaluate the business operations of commercial banks within the region.

The evaluation is based on a very detailed and transparent scorecard that ranks commercial banks on six areas of balance sheet financial performance, namely the ability to scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity.

Source: PANO

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