Vietcombank received the award "Strongest Bank in Vietnam" 2024

Within the framework of the annual conference on international payments (Sibos) held in Beijing (China) with the participation of representatives of major banks and financial institutions in the region and the world, The Asian Banker (TAB) magazine recently held a ceremony to honor the 1,000 strongest banks in the world. Vietnam has 21 commercial banks voted in the list of 1,000 strongest banks in the world in 2024 by TAB. Vietcombank excellently led Vietnamese banks, was the only representative of Vietnam invited by TAB to attend the award ceremony and was honored to receive the award "Strongest Bank in Vietnam" in 2024. This is the 7th time Vietcombank has received this award. With a strength index of 5.8/10, Vietcombank is the bank with the strongest balance sheet in Vietnam, ranked 466th in the list of 1,000 banks with the strongest balance sheets in the world. According to TAB, Vietcombank's impressive business results are demonstrated through growth in profits, return on assets, asset quality and capital mobilization.

Vietcombank received the award "Strongest Bank in Vietnam" in 2024. Photo: VCB

The "Bank with the Strongest Balance Sheet" award has been implemented by TAB since 2007. This year, the voting was conducted through evaluating the achievements of the 2023 financial year of 1,000 commercial banks from 99 countries and territories around the world, based on the criteria: development scale, balance sheet growth, risk, profit, quality of operations, liquidity... The ranking evaluated 440 banks in the Asia-Pacific region, 217 European banks, 179 North American banks, 12 Central American banks, 46 South American banks, 70 Middle Eastern banks, 27 African banks and 7 Caribbean banks. TAB is one of Asia's leading magazines in the financial sector with a large readership in the region and around the world. The results of the TAB's 1,000 strongest banks in the world poll are a useful source of information for investors, financial experts and the media to use when referring to the financial strength of banks. Through this poll, Vietcombank continues to affirm its position as the leading bank in the system in terms of quality and operational efficiency. Vietcombank is also honored to be voted by prestigious domestic organizations as "Most prestigious bank", "Leading strong brand"; honored by international organizations as "Best bank in Vietnam" for many consecutive years; ranked highest among commercial banks in Vietnam by the three most prestigious international credit rating organizations in the world (S&P, Fitch Ratings, Moody's). With the orientation to 2030 to maintain the position of No. 1 bank in Vietnam, standing in the 200 largest banking and financial groups in the world, 700 largest listed enterprises globally and making great contributions to the sustainable development of Vietnam; Vietcombank aims to be the leader in environmental, social and corporate governance (ESG) through the Environmental and Social Management System (ESMS) and the Environmental and Social Risk Management System in line with the Sustainable Development Indexes in Vietnam of the VNSI Standards, gradually moving towards sustainable development goals on ESG according to international standards. Source: https://daibieunhandan.vn/vietcombank-nhan-giai-thuong-ngan-hang-manh-nhat-viet-nam-2024-post395386.html