RELEASED DATE 11 Dec 2013
On 05 December 2013, Moody’s Investors Service (Moody’s) reviewed and released its annual credit opinion of the Joint-stock Commercial Bank for Investment and Development of Vietnam (BIDV).
As such, the ratings of BIDV for the year 2013 remain unchanged compared with those at end-2012, most of which reaching the country’s ceilings and a stable outlook. The ratings of BIDV are as follows:
· Bank Financial Strength: E
· Bank Deposits Domestic currency: B2
· Bank Deposits Foreign currency: B3
· Issuer Rating: B2
· Outlook: Stable.
Moody’s highly assessed BIDV’s strengths such as being the second largest bank in Vietnam in term of total assets, a wide distribution network and one of the best banking settlement systems. Besides, BIDV’s corporate and risk management have been significantly enhanced.
This is the eighth successive year that BIDV has been rated by Moody’s, affirming BIDV’s strong commitments on improving transparency and applying best international standards into the Bank’s operations.
BIDV is the oldest commercial bank in Vietnam with the 56-year history of development. As at 30 September 2013, BIDV’s total assets reached VND 535.8 trillion with 127 branches and about 700 transaction points nationwide.
For further information, please go to BIDV’s website at www.bidv.com.vn