3:18:40 PM | 22/7/2008
Two different Asian leading financial magazines have recognized two Vietnamese joint stock banks, the Asia Commercial Bank (ACB) and the Bank for Foreign Trade of Vietnam (Vietcombank), as the best domestic banks.
The &ldquoBest Bank in Vietnam&rdquo is given to ACB by Euromoney and to Vietcombank by Asiamoney.
This is the third times ACB has won such award, after 1997 and 2006, for its sustainable growth and prestige.
ACB is operating in securities, asset management and financial leasing, besides banking sector. It attained net profit of VND1.76 trillion, or US$110 million, in 2007, tripling the figure of 2006.
In the first quarter this year, ACB made profit of VND510 billion.
Meanwhile, Asiamoney has for first time ed Vietnam in its list, beside Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Philippines, Singapore, Taiwan and Thailand, in which Vietcombank has become the best local bank. (Pioneer, Vietnam Economic Times)
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