Review BIDV Bank 2019 - Joint Stock Commercial Bank for Investment and Development of Vietnam

Joint Stock Commercial Bank for Investment and Development of Vietnam has reached the top 10 businesses trusted by consumers at the program "Vietnam News & Use 2018".

Review BIDV Bank

BIDV entered the top 10 businesses trusted by consumers

Joint Stock Commercial Bank for Investment and Development of Vietnam has reached the top 10 businesses trusted by consumers at the program "Vietnam News & Use 2018".

The event was held on November 29 in Ho Chi Minh City. This is an annual program organized by Vietnam Economic  from 2006 to present.

This year, with the theme "The brand has a mind - Consumable consumption", the program has organized a series of surveying activities, voting and activities to strengthen the connection between businesses, manufacturers, applications. business, distribution ... with consumers, to select reputable and quality products and services, highly appreciated by consumers.

BIDV SmartBanking application has been honored with outstanding products in the Digital Bank category. This is an outstanding product, many utilities, helping customers to actively implement transactions, manage finance safely and quickly anytime, anywhere such as: transfer money 24/7, pay bills (money electricity, telecommunication fees, air tickets, train tickets, hotel reservations, tuition fees, cable television ...); recharge (phone, buy game cards, recharge electronic wallets ...); deposit / withdrawal online; Online Shopping; QRPay payment; Card service features (query information, lock / unlock cards / re-activate PIN, activate / deactivate online payment features ...).

Not only modern and user-friendly interface, fast processing speed with multiple layers of security, BIDV SmartBanking always leads the market in continuously launching new modern features such as transfer money via phone number, virtual assistant, QrPay payment (with about 500 online merchants and 20,000 accepting points offline) ...

Since then, BIDV SmartBanking is not only a banking application on mobile devices, but also oriented to become a financial-consumer ecosystem based on cooperation with Fintech partners, to support financial needs and payment of customers.

BIDV SmartBanking is evaluated as a core product in BIDV's banking operation ecosystem. In 2017, the total number of new customers registering electronic banking services reached over 2 million, with an annual growth rate of over 35%. It is expected that by the end of 2018, the growth rate will continue to have a strong increase.

The number of transactions via electronic banking channel reached 44 million transactions. The number of inter-bank money transfer transactions via electronic banking accounts for 45% of the total money transfer transactions to the whole BIDV system.

BIDV accounted for 22.25% of the total market trading volume via Napas channel. By the end of June, BIDV had more than 14 million bill payment transactions on electronic banking channels, of which the focus was on BIDV SmartBanking products.

With many features and utilities highly appreciated by customers, BIDV SmartBanking has been honored in the Top 100 products and services "Tin & Use 2018". Especially in this round of voting, BIDV is among the Top 10 businesses voted by consumers most.

Previously, in 2017, BIDV SmartBanking was also honored to receive the award "Creative and unique products and services" voted by Vietnam Bank Association (VNBA) and International Data Group (IDG).

BIDV INFO - Joint Stock Commercial Bank for Investment and Development of Vietnam

The world economy maintained a good growth momentum in the first half of 2018, then showed signs of slowing down. In this context, Vietnam's economy achieved positive, comprehensive results, achieved and exceeded all 12 socio-economic targets set by the National Assembly: GDP reached 7.08%, the highest in 11 years. come here. Average CPI is controlled at 3.54%, maintaining 5 consecutive years of controlling below 4%. Balance of payment surplus of 7.2 billion USD. Disbursed FDI reached a new record of US $ 19.1 billion; Public debt decreased compared to 2017.

The above results have an important and direct contribution of the banking system, with effective monetary policy management, ensuring inflation control objectives, maintaining macroeconomic stability, and ensuring safe operation of the system. Credit growth of 14% is consistent with macro balance; interest rates are stable. The exchange rate tends to increase, especially at the end of the year but still under control. Bad debt has handled an important step, the internal bad debt ratio of the credit institution system (CI) decreased to 1.89%.

With the motto of discipline, responsibility, efficiency, in 2018, BIDV has comprehensively completed the targets of Business Plan, improving asset quality, healthy financial situation, reform and distribution. institutional development. This is a solid premise for the completion of the restructuring plan for the period 2016-2020, ensuring the interests of shareholders, customers and employees, contributing positively to the state budget. In all important business indicators, BIDV achieved outstanding results. Specifically: (i) Credit growth in accordance with the orientation of the State Bank (SBV), supporting economic development, by the end of the year, customer loans reached 988,739 billion dong, growing by 14%, accounting for 13% of the market share. The structure of outstanding loans shifted positively in the direction of increasing the proportion of retail segment, SME, short-term debt balance. Mobilized capital has grown well, meeting the demand for capital use, balancing capital safety and efficiency: Total customer deposits reached VND 989,671 billion, up 15% compared to the beginning of the year, accounting for 12.3% market share. the whole industry. Asset structure shifted towards improving good quality assets, ensuring liquidity. BIDV continued to maintain the Joint Stock Commercial Bank with the largest total assets of 1.313.038 billion VND. Performance indicators increased significantly compared to the previous year and completed the target plan (net service revenue increased by 20%, revenue and expenditure difference increased by 21%, profit before tax increased by 9% to VND 9,473 billion, surpassing plan of the General Meeting of Shareholders (GMS) assigned: ROA reached 0.6%, ROE reached 14.6%, drastically dealt with bad debts, and by December 31, 2018, the NPL ratio was at 1.9% .

Outstanding business results do not only stop at the financial indicators but also other performance indicators have grown strongly: (i) Develop well the customer base especially individual customers are strengthened in terms of rules Tissue and quality, quantity increased by 13% compared to 2017, reaching more than 11 million customers, accounting for 12% of Vietnam's population. BIDV received the "Best Retail Bank in Vietnam" award for the 5th year in a row awarded by The Asian Banker Magazine, for the third time in a row to receive the title of Typical Retail Bank of Vietnam Banking Association. (ii) Quality of customer service has been enhanced through modern distribution channels, increasing service utilization rate on each "active" customer, the number of customers using electronic banking channel increased by 26% / year, reached 9.2 million times, the volume of transactions via electronic banking channel reached over 82 million transactions, an increase of 87% / year, (iii) The price of BID shares increased 35% compared to the beginning of the year, bar The account has always maintained at a high level, averaging 2.7 million shares / session, P / E reached 21 times, reflecting investors' positive expectations on the development potential of BIDV.

Aiming to improve financial capacity is a key factor in operation, in 2018, BIDV was approved by the State Bank of Vietnam on the policy of offering shares and increasing charter capital through private placement for houses. Foreign strategic investment with the number of over 600 million shares equivalent to 17.65% issue rate. BIDV also successfully issued 2 bonds: more than VND 1,000 billion of private bonds and VND 4,000 billion of bonds to the public to qualify for self-level 2 capital.

Maintaining its position as the leading IT application bank in the system, in 2018, BIDV promoted the implementation of digital banking projects, being evaluated as one of the banks by S&P credit rating organization. actively cooperating with FinTech to promote digital banking applications especially in the retail sector.

The results achieved in the past 365 days have shown the efforts of the Board of Leaders and 2.5 thousand employees in the system as well as the close and effective cooperation of partners and customers. Control of credit growth and quality, boosting retail activities, mobilizing capital at reasonable costs, ensuring liquidity and safety of the system, reducing operating costs, strengthening inspection work , supervision is an important factor to create the performance of BIDV in 2018.

In the context of the world economy in 2019, it is expected that unpredictable changes, the domestic macro-economy is expected to be stable, with the motto of "Discipline - Responsibility - Effect - Breakthrough", BIDV determine 2019 as a year to create a premise to successfully implement the restructuring plan and create a key foundation for sustainable development, international integration, specifically: Maintaining quality growth, consolidate position leading position in key market segments, focusing on retail customers and SME customers; Strongly deploy digital banking strategy, develop electronic sales channels, promote multi-service business model, improve management capacity according to international standards.

On behalf of the Board of Directors of BIDV, I would like to express my sincere thanks to the Board of Directors and more than 2,500 employees who are dedicated to BIDV. In particular, I would like to express my deep gratitude to customers, shareholders and partners who have always trusted and accompanied BIDV during the 62-year journey of building and developing, aiming at a sustainable future. prosperous and prosperous!

BIDV is rated as the "best foreign exchange service bank in Vietnam".

In addition to basic foreign currency products such as spot, forward and swap foreign currency trading, BIDV also provides solutions to combine product lines to meet the demand and improve efficiency. using capital for customers.

Recently, at the awarding ceremony "Best Bank in 2018" for Asia-Pacific countries organized by Asian Banking & Finance Magazine, Vietnam Joint Stock Commercial Bank for Investment and Development (BIDV) has been awarded the "Best foreign exchange service bank in Vietnam 2018".

The award ceremony took place in Shangrila (Singapore), with the participation and awards of representatives of many regional banks and financial institutions: DBS, Standard Chartered Bank, Citi Bank, HSBC, ...

In recent years, with proactive and innovative thinking, advanced management capacity, proactive international integration, BIDV is a pioneer bank in developing diversified foreign currency trading products in the background. Modern technology platform, providing comprehensive solutions to help insurance risks of exchange rates, interest rates, commodity prices for domestic and foreign customers.

In addition to basic foreign currency products such as spot, forward and swap foreign currency trading, BIDV also provides solutions to combine product lines to meet the demand and improve efficiency. using capital for customers.

Along with many prestigious awards that have been continuously achieved in the past years such as "Domestic banks providing the best foreign exchange services in Vietnam" by Asiamoney Magazine for 4 consecutive years from 2013 - 2016, Global Finance year 2017. The appreciation of Asian Banking & Finance Magazine with this important award has once again affirmed BIDV's position and brand in the domestic and international foreign exchange market.



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Review BIDV Bank 2019 - Joint Stock Commercial Bank for Investment and Development of Vietnam
Joint Stock Commercial Bank for Investment and Development of Vietnam has reached the top 10 businesses trusted by consumers at the program "Vietnam News & Use 2018".
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