BAC A BANK celebrates 25 years of establishment and receives Third Class Labor Medal
(Baonghean.vn) - Bac A Commercial Joint Stock Bank (BAC A BANK) has just held a ceremony to celebrate its 25th anniversary (1994 - 2019) and was honored to receive the Third Class Labor Medal, a noble emulation title awarded by the President of the Socialist Republic of Vietnam and many other titles awarded by the Governor of the State Bank and the People's Committee of Nghe An province.
Established on September 17, 1994 in Nghe An with an initial charter capital of 20 billion VND, with a distinct development strategy towards sustainable goals, BAC A BANK has achieved outstanding successes in business operations.
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| Comrade Nguyen The Ky - Member of the Party Central Committee, General Director of the Voice of Vietnam, authorized by the President, awarded the Third Class Labor Medal to BAC A BANK for its excellent performance in the banking sector. Throughout 25 years of development, the Bank's network of operations has covered 28 key economic provinces and cities with 129 transaction points. Photo: PV |
Success has been demonstrated through impressive growth figures such as charter capital after 25 years reaching 5,500 billion VND, 275 times higher than the initial charter capital; Total assets from nearly 57 billion VND in 1995, by June 30, 2019 reached 102,101 billion VND, 1,797 times higher than the first year of operation.
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| Comrade Hoang Viet Duong - Vice Chairman of Nghe An Provincial People's Council presented the 2018 Excellent Emulation Flag and Congratulatory Banner to BAC A BANK. Photo: PV |
At the Ceremony, the Governor of the State Bank of Vietnam awarded a Certificate of Merit to Bac A Commercial Joint Stock Bank and 6 Certificates of Merit to groups and individuals under Bac A Commercial Joint Stock Bank. Nghe An Provincial People's Committee awarded the Excellent Emulation Flag to Bac A Commercial Joint Stock Bank and awarded Certificates of Merit to 5 groups and individuals under BAC A BANK.
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| Mr. Ta Quoc Hung - Director of the Emulation and Reward Department of the State Bank of Vietnam, authorized by the Governor of the State Bank of Vietnam, awarded Certificates of Merit to groups and individuals of Bac A Commercial Joint Stock Bank for their outstanding achievements in the banking industry. Photo: PV |
Speaking at the ceremony, Mr. Hoang Viet Duong - Vice Chairman of the Provincial People's Council shared: "I am very pleased that Nghe An is the starting place for Bac A Commercial Joint Stock Bank. BAC A BANK is the only commercial joint stock bank established in the province since the 90s of the last century. After 25 years of construction and development, experiencing many ups and downs of the economy, with continuous efforts, BAC A BANK has become one of the leading prestigious banks and has contributed a lot to the development of Nghe An province".
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| Comrade Hoang Viet Duong - Vice Chairman of Nghe An Provincial People's Council awarded Certificates of Merit from Nghe An Provincial People's Committee to 5 groups and individuals of Bac A Commercial Joint Stock Bank for their outstanding achievements in the cause of building and developing the economy of Nghe An province. Photo: PV |
With outstanding contributions to the country's socio-economy throughout its operation, the BAC A BANK brand has always been affirmed in the banking and financial market, and has been honored to receive many Certificates of Merit and Emulation Flags from the Prime Minister, Nghe An Provincial People's Committee and other organizations, and other prestigious awards such as the "Excellent Trade and Service Enterprise" award by the Ministry of Industry and Trade, "Top 10 Leading Brands in Vietnam", "Top 100 Trusted and Used Products", "Top 200 Golden Stars of Vietnam", "Top 10 Enterprises for Workers", "Pioneering Vietnamese Bank in Investment Consulting for Clean Agricultural Projects Abroad"... and many other prestigious awards.
Ms. Thai Huong - General Director of BAC A BANK was awarded the Third Class Labor Medal by the State, twice honored in the Top 50 most powerful businesswomen in Asia voted by prestigious Forbes Magazine and other prestigious awards.
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| Ms. Thai Huong - Vice Chairwoman of the Board of Directors, General Director of Bac A Commercial Joint Stock Bank emphasized: With pioneering and professionalism, over the past 25 years, BAC A BANK has always built a clear and solid business strategy to gradually realize the goal of sustainable development. Over the past twenty-five years, BAC A BANK has strived every day, exploiting internal resources to perfect the system - rising up with continuous efforts. Photo: PV |
BAC A BANK is determined to achieve higher growth targets in banking operations, build modern technology and digital banking infrastructure that meets international standards, perfect the professional staff and consolidate a widespread network - contributing to promoting the vitality and efficiency of the economy so that BAC A BANK can truly become a universal bank.
“Keeping a bright mind to reach far and wide” is the motto of BAC A BANK with its continuous efforts to provide customers with modern and versatile banking products and services.
