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.
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
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Chairman of the Board of Directors of Vietcombank Nghiem Xuan Thanh (centre) receives the award (Source: www.vietcombank.com.vn) 
