Eximbank received an award for excellence in foreign exchange business from the London Stock Exchange Group

       Accordingly, on February 5, 2021, Eximbank was honored to receive 2 prestigious awards from Refinitiv (London Stock Exchange Group) for the foreign exchange (FX) market in 2020.

After a year of active operations in the foreign exchange market, overcoming many competitions, Eximbank has excellently received two prestigious awards: Most Dynamic Bank in Vietnam's Foreign Exchange Market 2020 (Most Active Bank) and Most Active Bank in Vietnam's Foreign Exchange Market 2020 (Most Active Bank) and Most Active Bank create the best foreign exchange market in Vietnam 2020 (Best Market Maker) from Refinitiv (part of the London Stock Exchange - London Stock Exchange Group) - the world's leading prestigious organization in financial information and data and trading system. The award is awarded based on Refinitiv's statistics on members' transactions on the interbank foreign currency trading system (Dealing FX Matching) throughout 2020. This is the official trading system of the foreign exchange market Vietnam and approved by the State Bank of Vietnam. The award recognizes Eximbank's traditional strengths in the Vietnamese foreign exchange market, and also contributes to marking the 31st anniversary of Eximbank's establishment.

Sharing at the award ceremony, Mr. Yasuhiro Saitoh, Chairman of the Board of Directors of Eximbank said: "I feel very happy and proud when Eximbank won the FX award - a prestigious and prestigious award from Refinitiv. What's more special is knowing that Eximbank has surpassed banks participating in this competition such as state-owned banks, leading private banks and branches of global banks operating in Vietnam. feel even more proud. Eximbank has inherent strengths in import-export payment activities and foreign exchange trading. This award demonstrates the excellence of the bank's staff and once again affirms Eximbank's position in the financial market. Present".

Ms. Tran Ngoc Nga - Sales Director in charge of Vietnam and Myanmar of Refinitiv ((5th from right) presented the award to the Eximbank Executive Board.


As soon as they were informed about the award in early 2020, the first year Refinitiv organized this award in Vietnam, Eximbank's FX team immediately deployed a trading strategy to strive to win one of the awards that Refinitiv offers. This playground is for the foreign exchange business departments of more than 20 joint stock commercial banks and foreign bank branches operating in Vietnam. The award participants all showed their efforts and competitiveness. Determined to achieve these awards, Eximbank worked tirelessly until the last days of 2020 to win recognition from Refinitiv.

“We at Refinitv have just merged into the London Stock Exchange Group and become the world's largest provider of financial information and solutions. Our FX Awards are a long-standing and prestigious award in the Asia Pacific region, recognized by the international FX community. The award has very clear and transparent criteria and Refinitiv is completely neutral in selecting the winning participants. We highly appreciate the dynamism of Eximbank's foreign exchange trading staff and your bank is also one of the pioneering organizations in applying modern trading methods and high technology content." – said Ms. Nga Tran, Sales Director in charge of Vietnam and Myanmar of Refinitiv.

In 2020, international credit rating agency Standard & Poor's Global Ratings announced that Eximbank's long-term partner credit rating was maintained at B+ with a "stable" outlook, unchanged from the announced rating. in September 2019. The assignment of long-term partner credit rating B+, short-term B and "Stable" outlook is S&P Global's recognition of Eximbank's restructuring efforts, reflected in the speed selective growth, while making efforts to gradually reduce outstanding bad debts, improve asset quality and maintain high capitalization and good liquidity, while also reflecting the bank's position in the banking system. mid-range private goods in Vietnam. The "stable" outlook shows that, in the next 12 - 18 months, S&P expects Eximbank to continue to maintain improved growth and stable profits in the process of gradually reducing outstanding assets and improving operating performance.
At the same time, Eximbank was notified by the Asian Development Bank (ADB) to grant a trade finance limit and a revolving credit limit with a total value of up to 31 million USD (equivalent to 725 billion VND).