For 2018, BIDV’s credit ratings remain unchanged with a ‘stable’ outlook. Details are as follows:

• Long-term issuer credit rating:        B+
• Short-term issuer credit rating:       B
• Outlook:                                          Stable

In S&P’s opinion, BIDV’s ratings reflect the bank's strong franchise, satisfactory profitability and asset quality as compared with its peers in Vietnam. BIDV is the largest domestic bank by total assets, with dominant market share by loans, deposits, and distribution network, accounting for about 13.7% of the system's total loans and 12,8% of deposits. BIDV’s liquidity benefits from its stable deposit base and access to funding from the government and international lending organizations for developmental projects. BIDV has made considerable progress on the retail sector that will diversify its business and enhance its yield. BIDV is also pursuing FinTech to drive digital banking for efficiency and profitability improvements. In addition, S&P expects a high likelihood of extraordinary government support for BIDV, given its systematic importance.

The “stable” outlook reflects S&P’s expectation that BIDV will maintain its strong franchise, satisfactory profitability, and improve its asset quality over the next 12 to 18 months.

2018 marks the ninth consecutive year that BIDV is reviewed by S&P, as well as the 13^rd consecutive year that BIDV is reviewed by Moody’s Investors Service. This shows BIDV’s commitment to improving transparency and to complying with the latest international standards in its business operations.

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