Vietcombank at 445th in world’s top 1,000 banks
(VOV) - The Banker Magazine has placed the Bank for Foreign Trade of Vietnam (Vietcombank) at 445th in its list of the world’s top 1000 banks.
Vietcombank jumped 91 positions from its 2012 ranking, leading all other Vietnamese banks included in the list. Vietcombank has advanced a total of 141 places since 2010.
The bank was third in the five highest ranked Asian banks with the best growth rate in tier 1 capital.
The Banker’s rankings are based on tier 1 capital and criteria including general assets, profit, and bad debts.
The Banker’s annual international bank listings are eagerly anticipated by the world’s finance and banking sector.