Moody’s has revised domestic currency deposit and foreign currencyissuer ratings of the State-owned Bank for Investment and Development ofVietnam (BIDV) up by one place to B1.
The global credit rating agency has also assessed BIDV’s prospect as stable.
Thecommercial bank has recently been recognised as the best domesticsupplier of foreign exchange services in Vietnam for the second straightyear by domestic businesses and financial institutions.
It wasalso voted as the best for foreign exchange research and market coveragein the country by Asianmoney – a prestigious Hong Kong-based magazine.
Accordingto the bank’s recent financial report, BIDV’s total asset by June 30this year was valued at more than 583 trillion VND (nearly 27.8 billionUSD) – relatively high in the Vietnamese market, up 5.4 percent from theyear’s beginning.
Its liabilities grew by 4.9 percent while the ratio of bad debt to liabilities stood at 2.2 percent.
Overthe first half of 2014, BIDV gained approximately 2.5 trillion VND (119million USD) in pre-tax profit, fulfilling 41 percent of its yearlygoal.-VNA
The global credit rating agency has also assessed BIDV’s prospect as stable.
Thecommercial bank has recently been recognised as the best domesticsupplier of foreign exchange services in Vietnam for the second straightyear by domestic businesses and financial institutions.
It wasalso voted as the best for foreign exchange research and market coveragein the country by Asianmoney – a prestigious Hong Kong-based magazine.
Accordingto the bank’s recent financial report, BIDV’s total asset by June 30this year was valued at more than 583 trillion VND (nearly 27.8 billionUSD) – relatively high in the Vietnamese market, up 5.4 percent from theyear’s beginning.
Its liabilities grew by 4.9 percent while the ratio of bad debt to liabilities stood at 2.2 percent.
Overthe first half of 2014, BIDV gained approximately 2.5 trillion VND (119million USD) in pre-tax profit, fulfilling 41 percent of its yearlygoal.-VNA
