17 July 2009, 16:02

Vietcombank named best bank by magazine

The Bank for Foreign Trade of Viet Nam (Vietcombank) has been awarded the title of "2009 Best Vietnamese Bank for Trade Finance" by the Trade Finance Magazine.

This is the second consecutive year the bank has received the award.

The bank now occupies a large market share, holding 10 per cent of the country’s loans, 12 per cent of deposits, 23 per cent of international payments and 55 per cent of card payments.

In the first six months of this year, the bank’s pre-tax profit was estimated to have reached $2.45 billion, the largest of any joint stock banks.

(Source: VNS)