Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Vietnam>>Economy>>Moody’s upgrades VPBank’s credit rating for second year

NEWS UPDATES Asean Affairs  April 10, 2018  



Moody’s upgrades VPBank’s credit rating for second year
 
Global credit rating firm Moody’s Investors Services has upgraded Vietnam Prosperity Bank (VPBank)’s baseline credit assessment from B3 to B2, and its counterparty risk assessment from B2 to B1.

In addition, Moody’s kept VPBank’s rating on long-term foreign-currency deposit unchanged at B2, while raising its outlook from ‘stable’ to ‘positive’.

This was the second consecutive year Moody’s has assigned a positive assessment for VPBank’s ratings.

The baseline credit assessment reflects the bank’s sound credit profile, as well as its probability of a bank’s standalone failure, absent external support. This rating is based upon macroeconomic, financial and asset quality factors.

The counterparty risk assessment evaluates the risk of a partner engaging with that bank.

The Moody’s upgrade took into consideration VPBank’s significant improvement in financial strength, operating efficiency, profitability, as well as growth potential.

VPBank’s return on assets (ROA) ratio increased from 1.7 per cent in 2016 to 2.3 per cent in 2017, outperforming many other Vietnamese banks. Its pre-provision operating profit jumped by 56 to 57 per cent in the past two years.

Moody’s praised the bank’s expansion in business scale and its leading position in the consumer finance market, which has generated high profit margins and contributed to VPBank’s strong earnings.

It reported a record revenue and profit in 2017, with VND25.03 trillion (US$1.1 billion) in total revenue and VN?8.13 trillion in pre-tax profits, up 48 per cent and 65 per cent against 2016, respectively.

Also, the lender’s charter capital climbed from VND9.18 trillion to over VND15.7 trillion.

The risk-weighted asset (RWA) rose from 8.5 per cent in 2016 to 12.1 per cent by the end of 2017. This improvement is attributed to additional share issues, stock dividends and bonus shares, increasing retained earnings and reducing average loan growth to 26 per cent, from 41 per cent, in the 2013-16 period.

VPBank is one of the top five commercial joint stock banks, in terms of lending and mobilising deposits.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                       April 10, 2018 
• SET market report for March 2018
• Business Insider: Years of experience pay off for job site Subcribe: Asean Affairs Global Magazine
• Moody’s upgrades VPBank’s credit rating for second year Subsribe Now !
• GDT reminds firms to mind US tax act FATCA
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cruelest month for Thai baht could be worse than usual this year
Asean Stock Watch   April 9,  2018

• Asean Stock Watch-April 9, 2018
Asean Analysis                April 9 2018
• Asean Analysis April 9, 2018
Chinese Influence Activities with U.S. Allies and Partners in Southeast Asia
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com