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Agribank climbs 16 spots to 157th within the 2022 Model Finance Banking 500 rating, which options probably the most useful and strongest banking manufacturers on the planet. (Picture: VNA)Hanoi (VNA) – The Vietnam Financial institution for Agriculture
and Rural Improvement (Agribank) climbed 16 spots to 157th within the 2022 Model
Finance Banking 500 rating, which options probably the most useful and strongest
banking manufacturers on the planet.
It’s the highest rating amongst Vietnamese banks, in accordance
to Model Finance.
As of December 31 final 12 months, Agribank’s complete asset exceeded
1.697 quadrillion VND (74.5 billion USD) and gathered excellent loans
reached over 1.31 quadrillion VND, 70 p.c of which has been taken out for
agricultural and rural growth.
On this 12 months’s Banking 500 annual report, Model Finance stated
Vietnam’s banking sector is among the fastest-growing on the planet with an
total model worth progress of 49 p.c.
All Vietnamese manufacturers within the rating have skilled progress
or add to the nation’s complete as new entrants, the report stated. It has been a
very fruitful 12 months for Vietnamese banks, which have noticed steady progress
of their stability sheets and earnings statements, with each deposits and loans
issued rising.
This has been bolstered by the nation’s restoration from the
pandemic, which was well-managed by the federal government, leading to robust
financial progress.
Amongst these manufacturers, MBBank can also be a kind of going the
quickest, with its model worth up by a staggering 113 p.c to 642 million
USD, adopted by Techcombank (up 80 p.c to 945 million USD).
As well as, the robust progress within the Vietnamese banking sector
has introduced two new entrants to the highest 500 this 12 months, particularly HD Financial institution (up 53
p.c to 248 million USD) and Saigon Hanoi Financial institution (SHB) (up 63 p.c to 211
million USD)./.
VNA
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