DaiABank – New opportunity after 20 years of development
Celebrating the 20th foundation day, from August 28th to September 28th 2013, DaiABank launched the program “Gratitude to clients on occasion of the 20th foundation day”. Existing depositors, borrowers and new clients coming to branches, transaction offices nationwide to do transactions, will receive gifts. Total value of the program achieves several billions VND.Year 2013 is an important milestone of DaiA Commercial Bank (DaiABank) because of many activities like the 20th foundation day anniversary, receiving of the 2nd rank Labor Medal, great changes in operation…DaiABank was established on July 30th 1993 at Bien Hoa, Dong Nai, and has now a total charter capital of VND3,100 bln after 20 years of running. In 2012, total assets achieved nearly VND18,000 bln, earnings before taxes was VND246 bln, had 64 branches, transaction offices, saving funds nationwide. During 20 years, DaiABank has been always consistent in sustainable development strategy, careful, not run after short-term profits, transparent, complied with laws.DaiABank has had many contributions to economic development at localities where its brand name was located. This was proved by credits from provinces, cities and the State Bank. DaiABank received honorably 3rd Labor Medal in 2008 and 2nd Labor Medal in 2013 from the President. Notably, in original Dong Nai market, DaiABank has confirmed its position through wide network of more than 30 subsidiaries across the province. Annually, DaiABank fulfills tax obligation, contributes major tax payment to the State budget (was in top 300 largest corporate taxpayers of Vietnam in 2011, 2012).DaiABank has made every effort to be a safe, modern bank having diverse products and services being appropriate to many types of customers. Right after becoming an urban bank in 2007, DaiABank invested in corebanking system, which is the foundation to develop following services like ATM, MasterCard, standby data center, customer caring center, electronic banking… helping DaiABank in competitive advantage enhancement. On the other hand, loan products are suitable for customers like individuals, small and medium enterprises; deposit products are flexible to suit individual clients. DaiABank was also one in few financial institutions receiving trust funds from Rural Finance Fund of the World Bank, JICA Business Development Fund of Japan with preferential interest rates to support rural areas, small and medium enterprises development.On the occasion of celebrating the 20th foundation anniversary, a big event came; it was the joining of a large shareholder HDBank to prepare for a strategic alliance, a merger of the two banks according to the plan approved by shareholders. Then large shareholders will support DaiABank in personnel, finance, experiences to ensure a steady and sustainable development. DaiABank Board of Directors Chairman Mr. Chu Viet Cuong said: “After 20 years of development, DaiABank has a firm foundation, it is a large quantity of loyal customers. The new Board of Directors agreed on strategy of promoting advantages, advancing operation to develop DaiABank. With this new strategy, we believe in a strong and successful DaiABank in the future”.Being always with the nation, difficulties or advantages, DaiABank is consistent with careful, effective development steps, aims at a sustainable development. This is also the object put toward by the State Bank for all national commercial banks.Reported by Hoang Nam – Translated by Ngoc Huynh
