17 Vietnamese banks enter list of 500 strongest banks in Asia Pacific

Hanoi (VNA) – Seventeen Vietnamese banks were listed among the 500 strongest banks in the Asia Pacific region.

Of 17 Vietnamese banks, the Investment and Development of Vietnam (BIDV), Vietinbank and Vietcombank were ranked highest, at 161st, 173rd and 193rd, respectively.

Other Vietnamese banks listed include the Saigon Commercial Bank, the Saigon Thuong Tin Commercial Joint Stock Bank, the Military Commercial Joint Stock Bank, the Saigon-Hanoi Commercial Joint Stock Bank, the Asia Commercial Joint Stock Bank, the Vietnam Prosperity for Joint Stock Commercial Bank, and Techcombank.

The remaining banks are the Vietnam Export Import Commercial Joint Stock Bank, the HCM City Development Joint Stock Bank, the Vietnam Maritime Commercial Joint Stock Bank, the Vietnam International Commercial Joint Stock Bank, Tien Phong Bank, and the HSBC Bank Vietnam.

The list was based on assets of banks in the region including countries and territories like Australia, China, Hong Kong, Japan, New Zealand, the Republic of Korea, Singapore, and Vietnam.

Banks were assessed on profit, growth in profit, growth in loans, growth in deposits, return on assets, return on equity, cost to income ratio, non-interest income ratio, gross non-performing loans ratio and capital adequacy ratio.-VNA