13 Vietnamese banks among Top 1000 World Banks 2017

Viet Nam has 13 commercial banks listed among the Top 1000 World Banks 2017 released recently by The Banker, the global financial intelligence agency since 1926.

Vietinbank holds the highest position among the Vietnamese banks listed in the Top 1000 World Banks 2017. - Photo Vietinbank

The banks are VietinBank, Agribank, Vietcombank and BIDV, as well as Military Bank, Sacombank, Techcombank and SCB, along with Maritime Bank, VP Bank, Eximbank, ACB and SHB.

Vietinbank holds the highest position among the Vietnamese banks listed among the Top 1000 World Banks 2017. The bank is ranked 376th by The Banker, up six places compared with the previous ranking in 2016.

VietinBank has been named in various world rankings several times, including six consecutive years on the Forbes Global 2000 list, a comprehensive annual ranking of the world’s largest public companies.

Brand Finance also estimated Vietinbank’s brand value at US$252 million, with the brand’s strength given an A+ rating.

The Banker’s rating is based on three key criteria -- total assets, pre-tax profits and tier 1 capital.

The Banker’s Top 1000 World Banks 2017 did not see much change from 2016. The Top 10 features four Chinese banks and four US banks namely ICBC, China Construction Bank, JP Morgan Chase & Co and Bank of China, as well as Bank of America, Agricultural Bank of China, Citigroup and Wells Fargo & Co, along with HSBC Holdings and Mitsubishi UFJ Financial Group.

Source VNA