VietinBank’s SME business managed to lower its cost-to-income ratio (CIR) to 35% and has grown its gross revenues by 8%.
- VietinBank had the lowest CIR at 35%
- VietinBank’s SME business contributed to 27% of total revenue and accounted for 34% of total bank assets
- The bank’s integrated digital initiatives helped shorten by 60% to 70% the processing time of SMEs’ credit appraisal lines
Singapore, 3 June 2021 - VietinBank was recognised as the Best SME Bank in Vietnam at The Asian Banker International Excellence in Retail Financial Services Awards 2021.
VietinBank bolstered its financial performance and corporate strategy in the SME market
The finalists for the Best SME Bank in Vietnam were VietinBank and TechcomBank. VietinBank’s integrated digital initiatives reduced by 60% to 70% the processing time of SMEs’ credit appraisal lines.
Financials: VietinBank had the lowest...
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VietinBank’s SME business managed to lower its cost-to-income ratio (CIR) to 35% and has grown its gross revenues by 8%.
- VietinBank had the lowest CIR at 35%
- VietinBank’s SME business contributed to 27% of total revenue and accounted for 34% of total bank assets
- The bank’s integrated digital initiatives helped shorten by 60% to 70% the processing time of SMEs’ credit appraisal lines
Singapore, 3 June 2021 - VietinBank was recognised as the Best SME Bank in Vietnam at The Asian Banker International Excellence in Retail Financial Services Awards 2021.
VietinBank bolstered its financial performance and corporate strategy in the SME market
The finalists for the Best SME Bank in Vietnam were VietinBank and TechcomBank. VietinBank’s integrated digital initiatives reduced by 60% to 70% the processing time of SMEs’ credit appraisal lines.
Financials: VietinBank had the lowest...
Categories: Keywords:
