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.
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This is the second consecutive year that the bank has received the title, which was awarded in a ceremony to honour the 500 largest banks in the region.
The ranking was based on a detailed and transparent scorecard that ranks commercial banks on six areas of balance sheet financial performance; the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
Vietcombank was also named Vietnam’s best bank, best trade finance bank, best FX bank for corporates & financial institution in 2014, and Vietnam’s best bank in 2015.
In 2016, the bank’s total assets reached VND787.9 trillion (US$34.7 billion), up 16.8% year-on-year, with pre-tax profits of VND8.52 trillion (US$375 million).
