Home Finance

Sacombank wins 2 awards from The Asian Banking and Finance

Sep 30th at 08:16
30-09-2021 08:16:38+07:00

Sacombank wins 2 awards from The Asian Banking and Finance

Sacombank has won two awards, the ‘Viet Nam Domestic Trade Finance Bank of the Year’ and ‘Viet Nam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.

 

Since starting to accelerate digital transformation five years ago, Sacombank has pioneered the adoption of many modern and international technologies, which have effectively supported the management and operation of its entire system and helped developed products and services to improve the customer experience.

In addition to hailing Sacombank’s digital transformation, ABF also praised it for its outstanding achievements in money management, payment and financial supply chain.

The bank has met the criteria of market share growth, while its proportion of revenues from payment, cash management and trade finance is good, and it has minimised operating costs to maximise benefits for customers.

Instituted in 2018, the ABF Wholesale and Retail Banking Awards have become one of the most prestigious in the banking and finance sector.

This year they were given to over 140 banks and financial companies in 31 countries in the Asia-Pacific region. 

bizhub

MOST READ

NEWS SAME CATEGORY

Vietnam private carriers seek zero interest loans
FINANCE Sep 29th at 15:10

Vietnam private carriers seek zero interest loans

The Vietnam Aviation Business Association (VABA) has proposed an interest-free loan package for private airlines, similar to the one accorded national carrier...

CIMB and Finhay co-operate to launch smart credit card application
FINANCE Sep 29th at 08:16

CIMB and Finhay co-operate to launch smart credit card application

CIMB bank has launched a credit card application through the Finhay app, removing some of the more time-consuming aspects of a traditional credit card application.

Banks to lend $4.3 billion preferential interest rate loans
FINANCE Sep 29th at 08:09

Banks to lend $4.3 billion preferential interest rate loans

Banks will lend more than VND100 trillion (US$4.3 billion) with preferential interest rates of 3-4 per cent per year to support the economy, according to Nguyen...

Vietnam to lower lending interests via cash influx
FINANCE Sep 29th at 08:08

Vietnam to lower lending interests via cash influx

The central bank is set to issue VND3 trillion ($131.65 million) to banks so that they could lower their interest of VND100 trillion worth of loans to boost...

HCM City wants tax reduction for COVID-affected businesses
FINANCE Sep 29th at 07:55

HCM City wants tax reduction for COVID-affected businesses

The HCM City People’s Committee has made several suggestions for a Ministry of Finance decree to support businesses and individuals affected by the COVID-19...

Domestic automakers expected to enjoy excise tax payment extention
FINANCE Sep 28th at 14:54

Domestic automakers expected to enjoy excise tax payment extention

The local automobile industry would continue to face severe impacts from the Covid-19 pandemic as demands for cars are expected to stay low for the foreseeable...

MoF proposes draft to cut corporate income tax
FINANCE Sep 27th at 08:15

MoF proposes draft to cut corporate income tax

The Ministry of Finance (MoF) has proposed a draft to reduce corporate income tax by 30 per cent to support pandemic-hit businesses for the 2021 financial year.

Green finance promotes Viet Nam’s sustainable growth
FINANCE Sep 25th at 13:53

Green finance promotes Viet Nam’s sustainable growth

Due to the adverse impacts of climate change, green growth financing projects play a very important role for the sustainable development of Viet Nam, experts have...

Banks slash US$386 million in interest rates in July-August
FINANCE Sep 24th at 08:04

Banks slash US$386 million in interest rates in July-August

Commercial banks have slashed more than VND8.8 trillion (US$386 million) in interest rates from July 15 to August 31 in support of businesses that have been...

Banks foregone over $1 billion in profit to support businesses during Covid-19 outbreaks
FINANCE Sep 24th at 07:48

Banks foregone over $1 billion in profit to support businesses during Covid-19 outbreaks

A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top