Two Vietnamese banks listed among top 500 brands
Two Vietnamese banks listed among top 500 brands
The Vietnam Bank for Industry and Trade (VietinBank) and Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) figure among the world's top 500 banking brands.
Brand Finance, the world's leading brand valuation consultancy firm, ranked Vietinbank 437th on the list, with a brand value of US$197 million and a brand rating of A. The bank has a market cap of $2,474 million.
VietinBank currently has nearly VND661 trillion ($31.48 billion) in total assets, second to the Vietnam Bank for Agriculture and Rural Development. Its charter capital touched more than VND37 trillion ($1.76 billion) at the end of last year, the largest equity value in the domestic banking system.
Meanwhile, Vietcombank was ranked 487, with a brand value of $157 million and a brand rating of A+. It has a market cap of $3,742 million.
Vietcombank has been operational for more than half a century, and has a charter capital of VND26.6 trillion ($1.26 billion).
This is the third time VietinBank and the first time Vietcombank have been named among the world's 500 most valuable banking brands.
Topping this year's list is the Wells Fargo Bank of the United States with a brand value of more than $34 billion.
