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Banking & Finance

The Banker names VIB as "Bank of the Year"

Released at: 09:32, 04/12/2015

The Banker names VIB as "Bank of the Year"

Bank picks up prestigious award as best overall performer in Vietnam.

by Hung Nguyen

Vietnam International Bank (VIB) has been named “Bank of the Year 2015” in Vietnam by The Banker magazine, with CEO Vu Han accepting the prestigious award at a ceremony in London on December 2.

The award is selected annually by The Banker’s judges and presented to the top bank in each country. It is the world’s longest running and most prestigious international banking award.

Mr. Vu Han at the awards ceremony in London

Over 1,000 applications are collected and judges select the winning banks based on evidence provided to determine the bank in each of the 152 countries participating globally that saw the most progress overall in the last 12 months. For VIB the recognition as “Bank of the Year” in Vietnam is testament to its financial strength, sound business model, and prudent risk management.

In addition to its efforts in business operations, reflected by Tier 1 capital, total assets, net profit, ROE, and non-performing loan ratio, The Banker highly praised VIB for its sustainable growth strategy, advanced banking technologies, continuous innovation, and efficient and effective marketing activities during the year.

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