The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has been named Vietnam’s Best Retail Bank for the year 2012 by The Asian Banker.

The Vietnamese bank met all the criteria for value brands, financial performance, sustainability of revenues, the viability of retail strategy, sales capability, capacity, risk management processes and information technology, the abundance of products and services, capable of penetrating the retail market, human resources and development potential in the future.

Sacombank was the only bank in Vietnam to be given the Excellence in Retail Financial Services Awards by the magazine.

The Asian Banker is one of the world’s leading magazines for strategic information on financial services in the Asia-Pacific and Middle East regions.

Sacombank was previously awarded the Best Foreign Exchange Provider 2012 by the Global Finance magazine in the US.

Source: VOV