Fifteen VN banks listed in Asia Pacific’s 500 strongest banks in 2017
Fifteen Vietnamese banks have been recently named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.
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The Asian Banker annually releases its AB500 ranking and survey of Asia Pacific's strongest banks, an evaluation that is based on a belief that a strong bank demonstrates long-term profitability from its core businesses.
The AB500 is an annual study of the financial and business performance of the commercial banking industry in the Asia Pacific region. The study comprises two different lists: the first ranks the top 500 banks in the region by asset size, while the second ranks the same 500 banks by strength, an evaluation that is based on a belief that a strong bank demonstrates long-term profitability.
![]() Techcombank demonstrates long-term profitability from its core businesses.
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The AB500 does not include central banks, policy banks, investment banks or finance companies that lack significant deposit-taking franchises or commercial lending businesses.
Bank annual reports and statistics provided by central banks or industry associations are The Asian Banker’s main sources of data. In the absence of up-to-date annual reports, the organization contacts banks directly to source financial results. Consolidated figures are used for banking groups, except when non-banking activities form a substantial portion of the consolidated figures, in which case we look at the banking unit independent of its parent. All figures are quoted in US dollars at year end exchange rates. Year-on-year growth rates are calculated based on original local currency figures.
According to a State Bank of Vietnam’s survey on the business performance trend of credit institutions, for the rest months of the year, most commercial banks expected their business performance to accelerate in Q4, helping the average pre-tax profit of the entire banking system rise 13.63 per cent in 2017.
As per the survey, 89 per cent of credit institutions estimated their growth this year to be positive in comparison with last year.
A total of 70.65 per cent of credit institutions continued to be optimistic about the trend of increasing demand for financial and banking services in 2017, especially demand for loans in the fourth quarter of 2017.
Financial reports from banks have so far also showed though there remains more than month to the year-end many banks have met profit targets set for the whole of 2017.
Economist Le Xuan Nghia said Vietnam’s banking industry in 2017 has witnessed a spectacular recovery, following a period of significant efforts towards dealing with bad debt, especially the risk provision. Compared with the most difficult period, commercial banks’ profitability has nearly doubled. This is the most important sign proving that commercial banks’ financial potential has recovered quite impressively, he said.
The year 2017 will become different when, for the first time since the demand stimulation period of 2009-2012, the system of Vietnamese commercial banks has achieved such a rapid profit generation progress.
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