Saturday, November 10, 2007

Sacombank has pocketed the Vietnam Retail Bank of the year 2007 award.

Sacombank: Vietnam’s 2007 retail bank

The Saigon Thuong Tin Commercial Bank (Sacombank) has pocketed the Vietnam Retail Bank of the year 2007 award.

The award was presented to Sacombank in Singapore by the Asian Banking and Finance – a top Asian financial magazine of the UK-based Charton Media.

Sacombank was selected for the award due to its trademark, financial efficiency, sustainable source of revenue, transparent development strategy, selling capacity, risk management competence, creativity and development potential.

Sacombank currently leads other joint stock banks in Vietnam in terms of charter capital (more than 4.4 trillion VND).

The bank attained a pre-tax profit of more than 1.2 trillion VND in the first ten months of this year, a year-on-year increase of 169 percent.