Hedge fund managers have not been spared in the recent market turmoil
Best SME Bank in Vietnam -VietinBank
The best SME Bank brings the full suite of solutions across its franchise to serve the needs of small and medium-sized enterprises (SMEs). It addresses the core financial needs of stakeholders as well as the owners and employees. It provides flexible financing options in the entire lifecycle needs of the business.
This is supported by well-defined value propositions in each industry vertical. It digitises the bank’s processes and offers financing options. It provides a strong relationship banking approach to the larger enterprise segment to create the best-in-class customer engagement. This bank provides an integrated product and service platform that enables its clients to create additional value by helping their business grow and lower the operational costs. The bank also helps its clients to expand in regional and overseas markets.
The winning bank saw a double-digit growth in gross SME revenues. Despite the impacts of the pandemic, the bank showed resilience and managed to improve its return on assets (ROA), cost to income ratio (CIR) and non-performing loan (NPL) in its SME business. The bank’s SME banking contributed 27% to the total banking revenues and 34% to the total book value, making it one of the most SME-aligned commercial banks in Vietnam. The Best SME Bank in Vietnam is VietinBank.
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You may visit the Excellence in Retail Financial Services page at http://awards.asianbankerforums.com/retailfinancial/
For further information on the collaterals for winning banks, please contact:
Mr. Mobasher Zein Kazmi
Head of Research
Tel: (+61) 452 514 145
Email: mkazmi@theasianbanker.com
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