The Vietnam Bank for Agriculture and Rural Development (Agribank) was named in the Top 10 of VNR500 in 2015 for the fifth consecutive year, making the unit the only commercial bank in the position, Vietnam Report Stock Company has announced recently.

Agribank is the largest commercial bank in Vietnam in terms of total assets, equity, human resources, operating network and client base.

The bank’s total assets were over 874 trillion VND (39.7 billion USD) as of 31 December 2015 and its total mobilised capital reached over 804 trillion VND (36.5 billion USD), up 16.5 percent compared to the same period in 2014.

Agribank is the largest commercial bank in Vietnam in terms of total assets, equity, human resources, operating network and client base. Photo: doanhnghieptrunguong.vn

The bank has lent out a total of over 673 trillion VND (31 billion USD), a rise of 16 percent against 2014. The bank also earned a before -tax profit of 3.7 trillion VND (168 million USD) in 2015.

Agribank is the first bank to have completed the World Banks’s funded project on the modernisation of Interbank Payment and Customer Accounting System (IPCAS). Especially, the bank introduced a smart payment card system in accordance with EMV standards in an attempt to strengthen security for customers.

The bank has carried out social welfare programmes and for these it has received numerous recognitions and awards from the State, Government, banking sector and international organisations.

The prestigious magazine The Banker has ranked Agribank 446th among the world’s top 1000 banks.

First introduced in 2007, the annual VNR 500 ranking is developed based on research results and independent evaluation in accordance with international standards of Vietnam, aiming to honor outstanding local enterprises in terms of operation scale and contribution to the State’s budget.

Source: VNA