Moody's praises Techcombank

Tuesday, June 10, 2008
The global well-known credit rating agency Moody's on June 4 released the latest report in which Techcombank still was highly appreciated in terms of domestic financial strength, especially the ability to maintain a good transparency in the difficult context at present.

This was shown clearly by the bank's ratio of lending and total capital in dong being kept at 82%-the safest level in Vietnam's banking system at this time, which could be reduced to 80% within this week.

The ratio for US dollar stood at 77%, showing that Techcombank could maintain transparency in line with the balance direction for both US dollar and the dong.

Also, Moody's praised Techcombank's capacity of limiting bad debt ratio that was estimated at 2.4%. (DTCK)