Fifteen Vietnamese banks have recently been named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.

Techcombank is listed in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks. — Photo Techcombank

The banks include Vietcombank, BIDV, VietinBank and Techcombank, as well as MB, LienVietPostBank, ACB and VPBank, in addition to HDBank, TP Bank, SHB, VIB, SeABank, Sacombank and PVcomBank.

The Asian Banker annually releases its AB500 ranking and survey of Asia Pacific’s strongest banks, an evaluation that is based on a belief that a strong bank demonstrates long-term profitability from its core businesses.

The AB500 is an annual study of the financial and business performance of the commercial banking industry in the Asia Pacific region. The study comprises two different lists: the first ranks the top 500 banks in the region by asset size, while the second ranks the same 500 banks by strength.

The Asian Banker ranks over 700 banks from the Asia Pacific region and 300 banks from the Middle East and Central Asia. The focus of this list is on commercial banks and financial holding companies, with a significant proportion of activity in commercial banking.

The AB500 does not include central banks, policy banks, investment banks or finance companies that lack significant deposit-taking franchises or commercial lending businesses.

Bank annual reports and statistics provided by central banks or industry associations are The Asian Banker’s main sources of data. In the absence of up-to-date annual reports, the organisation contacts banks directly to source financial results. — VNS