The Vietnam Export-Import Bank (Eximbank) said on August 1 that it has been named among the top 25 banks with the fastest assets growth rate in the world by The Banker magazine.
With this ranking, Eximbank is the only bank in Vietnam in particular and in Southeast Asia in general included in the top 25.
In 2010, Eximbank posted total assets of up to 131 trillion VND, up 100.3 percent from the end of 2009 and fulfilling 149 percent of the year's target. In 2011, the listed lender targets to reach total assets of 180 trillion VND, growing 37 percent year-on-year.
The ranking has been conducted since 1970 by The Banker magazine and published annually in July, based on such criteria as charter capital, service development investment fund, reserve fund for additional charter capital and share surplus.
The Banker also selected Eximbank as one of the world’s 1,000 leading banks. The ranking aims to recognise the achievements of the leading banks in the world and is used as a source of instruction on the robustness and profitability of the banks.