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Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
• VietinBank was established in 1988 after being separated from State Bank of Vietnam.
• Being one of the four largest State-owned commercial banks of Vietnam, VietinBank’s total assets account for over 20 percent of the market share of the whole Vietnamese banking system. VietinBank’s capital resources keep on increasing over the years and have been substantially rising since 1996 with the annual average growth of 20 percent, especially up 35 percent a year against that of last year.
• VietinBank has developed an operations network comprising of 01 Transaction Centers, 149 branches, 527 transaction offices, 166 savings offices, 02 Representative offices, 04 Subsidiaries, 03 administrative units and 1042 Automatic Telling Machines (ATMs). Has established correspondent relationship with 850 banks, financial institutions of 90 countries and territories all over the world.
• Being diversified with 04 independent accounting subsidiaries: VietinBank Leasing Company, VietinBank Securities Company, Ltd., VietinBank Asset Management Company, VietinBank Insurance Company and 03 non-profit making units: VietinBank Information Technology Center, VietinBank Card Center and VietinBank Training Center.
• Being the founder of the following Financial Credit Institutions:
- Saigon Bank for Commerce and Industry
- Indovina Bank (the first joint-venture bank in Vietnam)
- Vietnam International Leasing Company – VILC (the first financial leasing company in Vietnam)
- Vietinbank Insurance Company Ltd.
• Being the official member of :
- Vietnam’s Banker Association
- Asian Banker’s Association
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
- Visa International Services Association
• Being the first bank in Vietnam to apply modern technology and e-commerce in its banking operations.