The Technological and Commercial Joint-Stock Bank (Techcombank) hasbeen the only bank in Vietnam winning two awards from the Asian Bankermagazine at the same time.
“The leadingCounterparty Bank in Vietnam” and “the Best Trade Finance Bank inVietna ” awards were given to Techcombank in recognition of its 2013excellent business performance, especially the renovation of tradefinance services, said the magazine in its notice sent to the bank.
This is the second consecutive year Techcombank has been voted as thebest trade finance bank in Vietnam by the Asian Banker.
According to the magazine, Techcombank’s trade finance lending hasincreased by 125 percent and revenues from this activity have regularlyenjoyed a two-digit growth.
The bank has alsoexpanded cooperation with the International Financial Corporation (IFC),becoming the most active member and the largest customer of IFC in theGlobal Trade Finance Programme (GTFP).
Techcombankhas been the first Vietnamese bank providing an international paymentservice for customers who conduct trade transactions overseas, known as adeferred payment credit.
It has also developed a network of 12,000 subsidiary banks and branches in 140 countries and territories worldwide.
The two new awards once again affirmed the prestige and quality of thebank’s products and services, particularly trade finance service.
Since the beginning of this year, Techcombank has received 15 awardsfrom prestigious international newspapers and organisations, includingfour awards for its trade finance service from the Corporate Treasurer,the Global Finance, and the Asian Baking & Finance Review.
By March 31, 2014, Techcombank posted a total asset of over 164trillion VND (7.8 billion USD) and a charter capital of 8.8 trillion VND(420 million USD).
With a staff of 7,000 people, the bankboasts a nationwide network of more than 300 branches and transactionsites and nearly 1,300 ATMs connected with more than 12,000 ATMs in theBankNet and Smartlink systems.
Currently, more than 3.3 million individuals and over 45,000 businesses are using Techcombank services.-VNA
“The leadingCounterparty Bank in Vietnam” and “the Best Trade Finance Bank inVietna ” awards were given to Techcombank in recognition of its 2013excellent business performance, especially the renovation of tradefinance services, said the magazine in its notice sent to the bank.
This is the second consecutive year Techcombank has been voted as thebest trade finance bank in Vietnam by the Asian Banker.
According to the magazine, Techcombank’s trade finance lending hasincreased by 125 percent and revenues from this activity have regularlyenjoyed a two-digit growth.
The bank has alsoexpanded cooperation with the International Financial Corporation (IFC),becoming the most active member and the largest customer of IFC in theGlobal Trade Finance Programme (GTFP).
Techcombankhas been the first Vietnamese bank providing an international paymentservice for customers who conduct trade transactions overseas, known as adeferred payment credit.
It has also developed a network of 12,000 subsidiary banks and branches in 140 countries and territories worldwide.
The two new awards once again affirmed the prestige and quality of thebank’s products and services, particularly trade finance service.
Since the beginning of this year, Techcombank has received 15 awardsfrom prestigious international newspapers and organisations, includingfour awards for its trade finance service from the Corporate Treasurer,the Global Finance, and the Asian Baking & Finance Review.
By March 31, 2014, Techcombank posted a total asset of over 164trillion VND (7.8 billion USD) and a charter capital of 8.8 trillion VND(420 million USD).
With a staff of 7,000 people, the bankboasts a nationwide network of more than 300 branches and transactionsites and nearly 1,300 ATMs connected with more than 12,000 ATMs in theBankNet and Smartlink systems.
Currently, more than 3.3 million individuals and over 45,000 businesses are using Techcombank services.-VNA
