At the bank (Source: TPBank) Hanoi (VNA) – The Tien PhongCommercial Joint Stock Bank (TPBank) has won the 2018 fastest-growing small-and medium-sized enterprise (SME) bank award from the Global Banking and FinanceReview.
The magazine announced the award on its website www.globalbankingandfinance.com on December 18, saying that TPBank was selected based on the criteria for thegrowing number of SMEs as clients, the number of financial products and servicesfor them and revenue growth from the segment.
The number of SME clients of TPBank hasreached 32,400, up nearly 50 percent from early this year. Revenue from themnearly doubled compared to 2017.
The bank has also offered financialconsultations, held training courses on corporate governance and supportede-commerce platforms and payments.
This year, it stepped up trade financingbefore and after goods delivery, L/C opening and payment for imported goods andmoney transfer service, increasing its clients by 60 percent and revenue by 80percent from the previous year.
The bank has been trusted by reliablepartners in supplying financial services to SMEs, especially the InternationalFinance Corporation. Thanks to its support, TPBank’s financial activities havethrived.
TPBank General Director Nguyen Hung said inthe near future, the bank will apply digital technology to build and improveproducts for SMEs.
In late November, TPBank was honoured withthe Labour Order, third class, by the Party and State.
From July-October, the US rating agencyMoody’s upgraded TPBank’s trust level to B1 twice, laying a foundation for the bankto grow strongly in the future.-VNA
The magazine announced the award on its website www.globalbankingandfinance.com on December 18, saying that TPBank was selected based on the criteria for thegrowing number of SMEs as clients, the number of financial products and servicesfor them and revenue growth from the segment.
The number of SME clients of TPBank hasreached 32,400, up nearly 50 percent from early this year. Revenue from themnearly doubled compared to 2017.
The bank has also offered financialconsultations, held training courses on corporate governance and supportede-commerce platforms and payments.
This year, it stepped up trade financingbefore and after goods delivery, L/C opening and payment for imported goods andmoney transfer service, increasing its clients by 60 percent and revenue by 80percent from the previous year.
The bank has been trusted by reliablepartners in supplying financial services to SMEs, especially the InternationalFinance Corporation. Thanks to its support, TPBank’s financial activities havethrived.
TPBank General Director Nguyen Hung said inthe near future, the bank will apply digital technology to build and improveproducts for SMEs.
In late November, TPBank was honoured withthe Labour Order, third class, by the Party and State.
From July-October, the US rating agencyMoody’s upgraded TPBank’s trust level to B1 twice, laying a foundation for the bankto grow strongly in the future.-VNA
VNA
