08:45 | 06/03/2015 Finance - Banking
The Vietnam Bank for Industry and Trade (VietinBank) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) figure among the world's top 500 banking brands.
Brand Finance, the world's leading brand valuation consultancy firm, ranked Vietinbank 437th on the list, with a brand value of 197 million USD and a brand rating of A. The bank has a market cap of 2,474 million USD.
VietinBank currently has nearly 661 trillion VND (31.48 billion USD) in total assets, second to the Vietnam Bank for Agriculture and Rural Development. Its charter capital touched more than 37 trillion VND (1.76 billion USD) at the end of last year, the largest equity value in the domestic banking system.
Meanwhile, C was ranked 487, with a brand value of $157 million and a brand rating of A+. It has a market cap of 3,742 million USD.
Vietcombank has been operational for more than half a century, and has a charter capital of 26.6 trillion VND (1.26 billion USD).
This is the third time VietinBank and the first time Vietcombank have been named among the world's 500 most valuable banking brands.
Topping this year's list is the Wells Fargo Bank of the United States with a brand value of more than 34 billion USD.