AsiaMoney Rates Vietcombank as Best Bank in Vietnam
AsiaMoney magazine has awarded the 2009 Best Bank in Vietnam prize to the Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank) for its cash management and forex trading services, the Hanoi-based bank announced on its website.
It is the third consecutive year Vietcombank has made it to the top at the AsiaMoney magazine’s selection, according to the statement.
The prize was based on 15 operational activities of banks worldwide and assessed by 350 financial organizations and 1,200 companies in the Asian region.
Vietcombank was seen as the best bank for its creative ideas in foreign currency services, the best inter-mediator in the trade of foreign currencies and the bank owning the best online trading background.
As one of the largest and the most prestigious banks in Vietnam, Vietcombank now holds 10% of loans, 12% of deposits, 23% of international payments and 55% of card payments in the domestic market.
In the first six months of this year, Vietcombank made pretax profit of VND2.9 trillion (US$165 million), taking lead among local commercial joint stock banks. (VCB)
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