The Viet Nam Bank for Agriculture and Rural Development (Agribank) has been awarded the 2014 Prize for Excellence in Payment Quality by the US's Wells Fargo Bank. — Photo tienphong

HA NOI (Biz Hub) — The Viet Nam Bank for Agriculture and Rural Development (Agribank) has been awarded the 2014 Prize for Excellence in Payment Quality by the US's Wells Fargo Bank.

The award acknowledges the bank's success in competition and improving its payment service quality over the past year.

The award proves the bank's efforts to improve service quality and confirms its growing reputation in the international market, said Pham Duc Tuan, Agribank's head of Financial Institutions.

Agribank is the largest commercial bank in Viet Nam in terms of total assets, liabilities, branch networks and number of employees. By the end of April, the bank's total capital in the market reached more than VND720 trillion (US$34.3 billion), while total loans reached more than VND560 trillion ($26.7 billion).

Wells Fargo is the third largest bank in term of assets in the US and is 17th in the world. For more than 20 years, the two banks have partnered in many fields. Agribank's account at Wells Fargo opened in 1998. —VNS