An annual report on Credit Rating of Vietnam Index 2012 (CRV Index 2012) was announced in Hanoi on September 8 by the Vietnam Chamber of Commerce and Industry (VCCI) and the CRV Company.
Accordingly, nine out of 32 banks are rated class A, 9 (class B), 11 (class C) and 3 (class D).
Group A includes Techcombank, Vietcombank, VietinBank, ACB, BIDV, DongA Bank, Eximbank, MB and Sacombank.
Group B consists of BacA Bank, HDBank, Maritime Bank, OCB, Saigonbank, Southern Bank, PG Bank, VIB and VietABank.
Group C comprises ABBank, Baoviet Bank, DaiABank, Habubank, Kienlong Bank, MHB, NamABank, Vavibank, OceanBank, SHB and VPBank.
Group D involves MDB, VietBank and Western Bank.
The rating is based on their annual financial reports which have been audited and reported at the shareholders’ meeting. Three criteria for the rating are market strength, business performance efficiency and financial capacity.
The report and rating results are related to 32 banks only while other members such as SCB, TienPhong Bank, LienVietPostBank, TrustBank, GP Bank are not listed because they lack part or whole necessary information for rating.