ꩵTechcombank is listed in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks. (Photo: Techcombank)
Hanoi (VNA) - Fifteen Vietnamese banks have recently been named inThe Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.
The banks include Vietcombank, BIDV, VietinBank and Techcombank, as well as MB,LienVietPostBank, ACB and VPBank, in addition to HDBank, TP Bank, SHB, VIB,SeABank, Sacombank and PVcomBank.
The Asian Banker annually releases its AB500 ranking and survey of AsiaPacific’s strongest banks, an evaluation that is based on a belief that astrong bank demonstrates long-term profitability from its core businesses.
The AB500 is an annual study of the financial and business performance of thecommercial banking industry in the Asia Pacific region. The study comprises twodifferent lists: the first ranks the top 500 banks in the region by asset size,while the second ranks the same 500 banks by strength.
The Asian Banker ranks over 700 banks from the Asia Pacific region and 300banks from the Middle East and Central Asia. The focus of this list is oncommercial banks and financial holding companies, with a significant proportionof activity in commercial banking.
The AB500 does not include central banks, policy banks, investment banksor finance companies that lack significant deposit-taking franchises orcommercial lending businesses.
Bank annual reports and statistics provided by central banks or industryassociations are The Asian Banker’s main sources of data. In the absence ofup-to-date annual reports, the organisation contacts banks directly to sourcefinancial results.-VNA
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