Vietinbank (Vietnam Joint Stock Commercial Bank for Industry and Trade, Ngân hàng Thương mại Cổ phần Công thương Việt Nam) is Vietnam 's largest bank by market capitalization. Founded in 1988, headquartered in Hanoi , in the new 70-story VietinBank Business Center Office Tower. It specializes in lending, investment, currency trading, money transfers, payment card services and deposits [1] .
| Vietinbank | |
|---|---|
 Bank branch in Dalat | |
| Year of foundation | 1988 |
| Location |  Vietnam , Hanoi , VietinBank Business Center Office Tower |
| Key figures | Fam Huy Hung (Executive Director) |
| Assets | $ 27.3 billion (2014) |
| Number of employees | 19.8 thousand people |
| Site | vietinbank.vn/web/home/v... |
A controlling stake in Vietinbank is controlled by the State Bank of Vietnam . Vietinbank also maintains close partnerships with the International Finance Corporation and Mitsubishi UFJ Financial Group , which own the remaining shares of the bank [2] . The largest domestic customers of Vietinbank are PetroVietnam and Vietnam Electricity [3] [4] .
Content
History
It was founded in 1988 as Vietnam Industrial and Commercial Bank (Incombank), in 2008 it was renamed Vietinbank, and since July 2009 it has been listed on the Ho Chi Minh Stock Exchange .
As of 2014, Vietinbank assets amounted to $ 27.3 billion, market value - $ 2.9 billion, sales - $ 2.3 billion, profit - $ 300 million [1] .
Subsidiaries
- Saigon Bank for Commerce and Industry
- Indovina bank
- Vietnam International Leasing Company
- VietinBank Securities Co
- VietinBank Insurance
- VietinBank Aviva Life Insurance (shared with Aviva )
- VietinBank Asset Management Company
- VietinBank Fund Management Company
- VietinBank Gold and Jewelery Company
- VietinBank Global Money Transfer Company
- VietinBank Information Technology Center
- VietinBank Card Center
- VietinBank Training Center
Notes
- ↑ 1 2 Vietin Bank . Forbes Date of treatment March 13, 2015.
- ↑ Mitsubishi UFJ to Buy Stake in VietinBank for $ 743 Million . Bloomberg. Date of treatment March 13, 2015.
- ↑ VietinBank lends US $ 253 mil. to PVEP ( inaccessible link) . The Saigon Times. Date of treatment March 13, 2015. Archived April 2, 2015.
- ↑ VietinBank lends VND6.2 trillion to EVN (inaccessible link) . The Saigon Times. Date of treatment March 13, 2015. Archived April 2, 2015.