BAC A BANK was first rated by Fitch Ratings at "B+", stable outlook

Fitch Ratings - one of the three largest credit rating organizations in the world, recently announced for the first time an international credit rating for Bac A Commercial Joint Stock Bank ( BAC A BANK ) at "B+", with a Stable outlook.

Credit rating: An important step in BAC A BANK's development strategy

Being assigned a Long-Term Issuer Default Rating (IDR) of “B+” by Fitch Ratings is an important milestone for BAC A BANK, demonstrating recognition of the Bank's financial capacity, risk management ability and sustainable development potential.

In addition, this result creates a positive foundation for BAC A BANK to expand international cooperation, diversify capital sources, increase prestige in the market, and strengthen the trust of domestic and foreign investors.

Detailed rankings of Fitch Ratings

According to the Report, Fitch Ratings also rated BAC A BANK's Viability Rating (VR) at "b" and Government Support Rating (GSR) at "b+". This result reflects the Bank's ability to operate independently, adapt flexibly and have stable financial health, in the context of many fluctuations and challenges in the macro economy.

“BAC A BANK's asset quality is better than the industry average, along with a high proportion of secured loans, which has contributed to minimizing credit risks and supporting the maintenance of stability in operations,” Fitch Ratings commented.

As of June 2025, BAC A BANK's non-performing loan (NPL) ratio reached 1.2%, among the lowest in the Vietnamese banking system. According to the assessment, this positive figure comes from the prudent risk management policy, combined with the Bank's consistent risk appetite, focusing on the individual and corporate customer segments with low risk levels, thereby contributing to maintaining stable asset quality and sustainable operating efficiency.

BAC A BANK always focuses on the low-risk individual and corporate customer segment, thereby contributing to maintaining stable assets and sustainable operating efficiency.

Fitch Ratings' credit rating report also noted BAC A BANK's specific credit orientation in the field of agriculture and sustainable development, when the proportion of loans in this field accounts for about 18% of total outstanding loans. In fact, the projects selected by BAC A BANK are all projects that apply achievements in management science, modern science and technology to production in the direction of green economy , circular economy, knowledge economy, creating high-quality products, creating livelihoods and solving jobs for local people.

Outlook “Stable” - Expectations on risk management and profitability

The “Stable” outlook indicates that Fitch Ratings expects BAC A BANK to maintain its current credit profile, continue to manage risks closely and improve profitability over the next 12-18 months. The report states that BAC A BANK’s profitability indicators are more stable than most banks of the same size, thanks to a consistent business strategy and effective control of credit costs.

Speaking about this rating result, Mr. Chu Nguyen Binh, Deputy General Director of BAC A BANK, said that being rated B+ with a Stable outlook by a prestigious global organization like Fitch Ratings is a recognition of BAC A BANK's efforts in risk management, improving asset quality and ensuring credit safety.

BAC A BANK has been successful thanks to its consistent business strategy and effective credit cost control.

“This is a step forward to help us improve our access to international capital markets, expand cooperation with global partners, and demonstrate the sustainable, transparent and effective growth orientation that the Bank has consistently pursued throughout its 31-year journey of construction and development,” Mr. Chu Nguyen Binh emphasized.

In addition to its own assessments of BAC A BANK, Fitch Ratings emphasized that Vietnam's strong economic growth continues to be an important support for the banking system. In addition, favorable trade policies, including the US reducing reciprocal tariffs on Vietnamese goods from 46% to 20%, create incentives for exports, contributing to improving liquidity as well as the financial health of the domestic banking system.

Previously, according to the latest report in June 2025, Fitch Ratings maintained Vietnam's long-term national credit rating at "BB+", with a Stable outlook. This is a factor that helps strengthen the confidence of international investors, creating conditions for domestic financial institutions - including BAC A BANK - to effectively access international capital and enhance their position in the regional financial market.

Source: https://baodautu.vn/bac-a-bank-lan-dau-tien-duoc-fitch-ratings-xep-hang-tin-nhiem-o-muc-b-trien-vong-on-dinh-d425701.html