This is the 7th consecutive year that Eximbank has been honored to receive the award for Excellent International Payment Quality awarded by JP Morgan Bank.

On January 7, 2021, Ms. Phan Bich Van, General Director of JP Morgan Vietnam - the bank with the largest total assets in the United States - awarded JP Morgan's Excellent International Payment Quality award ( 2020 Elite Quality Recognition Award by JP Morgan) for Eximbank. This is an award recognizing Eximbank's excellent quality in automatically processing international payment messages (with the rate of international payment messages throughout 2020 being 99.51%), and also recognizing excellence in the profession. service of the staff during the past time.

Mr. Nguyen Canh Vinh, Acting General Director of Eximbank (second, left) received the Excellence in International Payment Quality award from Ms. Phan Bich Van, General Director of JP Morgan Vietnam (middle).

At the award ceremony, Mr. Nguyen Canh Vinh - Acting General Director of Eximbank shared: "At the end of 2020, a year of many complicated changes due to epidemics, political instability and trade disputes, Eximbank's scale did not grow much, but the bank's pre-tax profit increased by nearly 30% and non-interest income grew by more than 15%. This result is proof that Eximbank is on the right track and that restructuring initiatives have brought remarkable results to the bank. Thank you JP Morgan for the comprehensive and lasting cooperative relationship between the two banks. This award is recognition and encouragement for Eximbank to continue to improve, invest more in technology, affirm service quality and best serve customers."

Ms. Phan Bich Van congratulated Eximbank on its outstanding achievement of 07 consecutive years of receiving this award from JP Morgan: "Eximbank is one of the few banks with a 7-year consecutive achievement of receiving this award. This shows the stability of service quality, system and experience of Eximbank's staff and employees in the fields of international payment, trade finance and foreign exchange trading. The two banks will continue to promote comprehensive business cooperation activities in the coming time to best serve the needs of customers on both sides."

Over the past two years, Eximbank has continuously invested, innovated technology as well as improved customer service quality, towards a transparent and integrity bank according to international standards. In addition, in order to optimize operations and better manage risks, Eximbank has successfully implemented projects focusing payment operations, trade finance, card services, and treasury on operational centers. belongs to the Information Technology and Operations Division; Accordingly, the productivity of business units is significantly improved.

In addition, due to the Covid-19 epidemic, the scale of Eximbank's total assets in 2020 decreased by nearly 4% and the restructuring of the credit portfolio caused the credit scale to decrease by 10% over the same period. . But thanks to service quality and programs to promote non-loan interest income activities, profit results from business activities exceeded the plan, reaching 118% of the set plan. Of which, non-interest income increased by more than 15% compared to 2019.

At the same time, Eximbank's key business segments such as: Card products and Bancasurance achieved outstanding growth rates. Specifically, the card fee collection segment reached 127 billion VND, an increase of 144% compared to 2019; Insurance premium income reached 112 billion, growing by 23%, contributing to bringing service income growth in 2020 to 20%, the highest increase in the last 4 years. The customer base also increased by 95,000 customers compared to 2019.
In addition, the bank's operational safety and liquidity indicators are still firmly maintained at a good level, ensuring capital safety for Eximbank: LDR ratio (loans outstanding/total deposits) is maintained at level of 78% - 81%, the ratio of short-term capital for medium and long-term loans remains below 31%, the liquidity reserve ratio is always maintained at 12% -19% compared to the Bank's requirement of 10%. State, creating a foundation for Eximbank to proactively regulate business in the following year.

With more than 30 years of experience in international payment activities, foreign exchange trading and trade finance, Eximbank has cooperative relationships with more than 600 agent banks in 75 countries and territories. In 2019 and 2020, the world's leading banks such as JP Morgan, Bank of New York Mellon, Wells Fargo, and CitiBank continued to award Eximbank awards for excellent international payment quality. In September 2020, international credit rating agency Standard & Poor's announced Eximbank's long-term partner credit rating of B+ with a stable outlook. In particular, in 2020, Eximbank also received good news when the Asian Development Bank (ADB) announced the granting of a trade finance limit and a revolving credit limit to Eximbank with a total limit value of up to 31 million VND. million USD (725 billion VND). ADB's trade finance limit granted to Eximbank will help the bank significantly improve its strength in international payments, trade finance and create better conditions for Eximbank to more deeply meet trade finance needs. of business customers.