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Dr. Le Duc Tho - CEO of VietinBank meeting with senior analysts from Standard & Poor’s.

Senior leaders of VietinBank having a meeting with analysts from Standard & Poor’s

On May 29th, 2008, at VietinBank’s Head Office, Hanoi, Dr. Le Duc Tho - CEO of VietinBank met senior analysts from the international credit ratings agency, namely, Standard & Poor's for the annual review to assess the ratings of VietinBank for 2018. From VietinBank, Ms. Bui Nhu Y, Assistant to the Chairman, Directors of relevant departments at the Head Office also joined the meeting.

Standard & Poor’s is one of three largest credit rating agencies based in the United States. It has regularly made the annual review to grant credit ratings to credit institutions including Vietinbank. Standard & Poor’s and VietinBank have set up a long-term relationship since 2011.

In the meeting, Mr. Le Duc Tho had an open discussion about the macro-economy of Vietnam and business performance of VietinBank ended 31 December 2017. Key regulation changes in Vietnam in last one year and its effect on VietinBank were also topics for transparent dialogue between two sides. Besides, Mr. Tho shared the middle and long-term business plan and vision until 2026 with representatives from Standard & Poor’s. 

Spoken in the meeting, Mr. Ivan Tan, Director of Standard & Poor’s said that Standard & Poor’s highly appreciated the open discussion on concerned matters with VietinBank. They also affirmed that profit of VietinBank would continue increasing well in the coming years.

In 2017, Standard & Poor’s affirmed the “BB-“ long-term issuer credit ratings on Vietinbank, equivalent with the sovereign ratings. Like Standard & Poor’s, other credit ratings agencies have agreed that VietinBank is a high systemic importance among the top four Vietnamese banks by assets and have large domestic franchises.

Thanh Binh

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