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Best Bank: Asia Commercial Bank |
In Vietnam Asia Commercial Bank has been the top lender for several years, and the firm retains Euromoney’s award this year for its ability to maintain growth in a difficult period without suffering a significant drop in asset quality. While the bank did report an increase in gross non-performing loans from $2 million to $20 million, that figure represents only 0.25% of assets and the bank’s NPL ratio was 0.9% as against an industry average of 3.5%. The bank reported net income growth of 15.7%