Monday, October 24 2016


Agribank remains top dog in terms of assets

Update: May, 29/2015 - 07:55
The Agribank retained the top slot in terms of assets in the first months of this year. — Photo antv

HA NOI (VNS) — With total assets of VND763 trillion (US$35.16 billion), the Viet Nam Bank for Agriculture and Rural Development (Agribank) retained the top slot in terms of assets in the first months of this year.

According to the latest financial reports of all commercial banks, Bank for Investment and Development of Viet Nam (BIDV), however, has surpassed Viet Nam Bank for Industry and Trade (Vietinbank) to rank second with VND662 trillion ($30.56 billion). By the end of the last year, Vietinbank's asset was VND10 trillion ($460.82 million) higher than BIDV's.

Despite a decline of VND37 trillion ($1.7 billion) in assets in the first three months, Vietcombank ranked fourth with VND540 trillion ($24.88 billion).

Among private joint stock commercial banks, Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank) has surpassed Military Bank (MB) to rank first in terms of assets and profits in the first months of the year.

Sacombank made a leap in the first three months of the year with nearly VND199 trillion (US$9.17 billion) total asset, roughly VND2 trillion ($92.16 million) higher than that of MB. MB's total asset declined from roughly VND200 trillion ($9.21 billion) by the end of last year.

Not only in assets, but Sacombank's pre-tax profit of VND812 billion ($37.419 million) was higher than MB's pre-tax profit of VND620 billion ($28.57 million).

With a total asset of VND187 trillion ($8.61 billion) in Q1 this year, Asia Commercial Bank (ACB) ranked third thanks to its steady recovery after some senior officials of the bank were charged with violating the country's regulations on economic management that caused a serious impact on ACB's performance in 2012. ACB general director Do Minh Toan said that ACB would fully rebound by 2016. — VNS

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