September 15, 2017 | 14:05 (GMT+7)
ADB again names BIDV as Vietnam’s leading partner bank
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has been once again named the “Leading Partner Bank in Vietnam” by the Asian Development Bank (ADB).
This is the second year in a row BIDV has won the ADB’s Trade Finance Programme (TFP) Awards.
The awards recognise the TFP’s most active partner banks measured by the number of transactions conducted from July 1, 2016 to June 30, 2017.
The “Leading Partner Bank in Vietnam” title honours BIDV’s endeavors in strengthening capacity in trade finance and information transparency.
The TFP provides guarantees and loans to more than 200 partner banks. Since 2009, the programme has supported more than 10,900 small and medium-sized enterprises across Asia-Pacific, with about 16,000 transactions valued at a total of some 28.5 billion USD.
In August 2009, BIDV was one of the first Vietnamese partners to be selected by ADB for a credit limit and trade finance contracts, allowing BIDV to conduct more trade finance transactions with customers.
At present, BIDV is the largest bank in Vietnam with total assets exceeding 1.1 quadrillion VND (approximately 49 billion USD) at the end of June.
Source: VNA