It is considered one of the Joint-Stock Commercial Banks with the largest total assets in Vietnam
February 11, 2015: Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has received four prestigious awards from reputable international organisations, including “Best Commercial Bank Vietnam 2014”, “Straight-Through-Process”, “Best Banking Product Vietnam 2014” and “Best Trade Finance Bank Vietnam 2014”.
The “Best Commercial Bank Vietnam 2014” Award was presented by UK’s International Finance Magazine (IFM), the most prestigious magazine in the field of Banking and Finance worldwide. The evaluation process was conducted independently, based on audited reports and other parameters.
Also, this is the 8th consecutive year VPBank has the honour of being given the STP (Straight-Through-Process) Award by The Bank of New York Mellon (BNYM). The STP Award is held annually to honour banks which implement high quality international payment transactions, based on Straight Through Processing, one of the important criteria for evaluating the quality of automated payment of bank. According to BNYM, VPBank achieved STP rates of around 98% in 2013.
The Global Banking & Finance Review (GBAF) of UK presented two awards at the same time to VPBank, namely “Best Banking Product Vietnam 2014” for VPLady card – a product designed specifically for women – and “Best Trade Finance Bank Vietnam 2014”.
Regarding the awards, VPBank’s CEO Nguyen Duc Vinh says: “These prestigious international awards mean the recognition of reputable financial institutions, once again determining the quality of products and services, reputation as well as the prominent competitiveness of VPBank in Vietnam’s banking-financial market. In the near future, VPBank will concentrate on improving its service quality and added value as well as outstanding advantages towards an international standard bank.”
So far, VPBank’s charter capital has reached over VND 7.7 trillion, with a network of more than 200 business units in 33 provinces and cities nationwide. Its total assets are worth more than VND 121 trillion. Thus, VPBank is considered as one of the Joint-Stock Commercial Banks with the largest total assets. In 2013, the profit after tax exceeded VND 1,000 billion for the first time.