VietA Bank signs contract on credit ranking with Ernst & Young

Saturday, May 17, 2008
Viet A Commercial Joint Stock Bank (VietA Bank) recently signed a contract to build an internal credit ranking system with Ernst & Young.

This system will include three parts namely credit ranking system with corporative customers, system with individual customers and another with financial institutions.

With this system, VietA Bank can evaluate the trust of customers in its credit business, aims to improve the effect as well as ensures the credit security in each period and manages credit portfolio and risk prevention for the whole network.

In addition, thanks to this system, the bank can exactly define the bad debt rate at each time and support in managing credit portfolio as well as evaluate customers.