RELEASED DATE 03 Jul 2020
Moody's assesses that the bank’s capitalization is strengthened following the external raise in 2019, as well as steady improvements in asset quality following the resolution of legacy problem assets and write off of VAMC bonds. Funding is a key strength for BIDV as the bank's deposit base is supported by its extensive branch network and strong relationships with large Vietnamese corporates.
BIDV's long-term local and foreign-currency deposit and long-term issuer ratings were maintained – the highest ratings among Vietnamese banks. Details are as follows:
As of 31 March 2020, BIDV’s total assets reached VND1,446 trillion, maintaining the leading position among Vietnamese commercial banks. The bank has developed an extensive network, covering 63 provinces and cities nationwide, of 189 domestic branches, 01 foreign branch and 871 transaction offices as at 31/03/2020.
2020 marks the 15th consecutive year that BIDV has been reviewed by Moody’s. BIDV also is the pioneering bank in this field. This confirms BIDV’s commitment to financial transparency as well as compliance with international standards.
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