I’m concerned they might squander the money
Vietcombank has demonstrated superior asset quality, robust profitability, and enhanced capitalisation
By Wendy Weng
Vietcombank was recognised as the Strongest Bank in Vietnam as part of the World’s 1000 Strongest Banks ranking. This ranking evaluates the largest 1000 banks globally by asset size, focusing on their financial strength. It uses a detailed and transparent scorecard to assess banks across six balance sheet-related criteria: scale, balance sheet growth, risk profile, profitability, asset quality, and liquidity, covering 14 specific factors.
The bank has consistently demonstrated outstanding asset quality, maintaining the lowest non-performing loan (NPL) ratio and the highest provision coverage ratio among Vietnamese banks. Its NPL ratio stood at 1% in 2023, significantly below the industry average of 1.8%.
Additionally, Vietcombank improved its capitalisation and maintained solid profitability, reporting the highest net profit among local peers. It achieved a return on assets of 1.9% and a return on equity of 22% in 2023, surpassing industry averages of 1.5% and 19%, respectively.
The World’s 1000 Largest and Strongest Banks Ranking is an annual assessment of the financial and business performance of the banking industry. Covering all major global regions—Africa, Asia-Pacific, the Caribbean, Central America, Europe, the Middle East, North America, and South America—the ranking includes banks and financial holding companies engaged in significant banking activities.
For the complete ranking of the World's 1000 Strongest Banks, visit:
https://tabinsights.com/ab1000/strongest-banks-in-the-world
Keywords: Sibos 2024, Tab Global 1000, Financial Strength, Profitability, Asset Quality, Risk Profile, Financial Stability, Global Ranking
Institution: Vietcombank
Country: China, Vietnam
Region: Asia Pacific
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