Sacombank wins foreign exchange award from Euromoney

Friday, Nov 17, 2023 22:55

Sacombank has been named the “Best FX Bank Rest of the World - Vietnam” by Euromoney magazine. — Photo courtesy of the bank

Sacombank has been named the “Best FX Bank Rest of the World - Vietnam” by Euromoney magazine for the 2023 Euromoney Foreign Exchange Awards in which financial institutions from nearly 100 countries took part.

This is the third prestigious award this year for the bank for its contributions to the foreign exchange market and creating breakthroughs in its efforts to improve the customer experience.

The award is considered among the most reputed in the global finance and banking industry, with a prestigious jury and based on a strict and comprehensive evaluation process to honour financial institutions and investment banks for outstanding achievements in customer-oriented business.

Euromoney appreciated Sacombank for offering comprehensive foreign exchange solution packages, seamless multi-platform trading systems and digital processes, helping businesses save time, optimise profits and manage risks effectively amid Việt Nam’s increasing integration into the world economy and being chosen by major investors as an investment destination.

Sacombank has strengths like abundant foreign currency liquidity, multi-currency payment capability, an extensive network in Việt Nam, Laos and Cambodia, and a modern, safe and secure technology platform.

It thus meets all customers’ needs for spot, forward, swap, and options transactions in a timely manner, at competitive rates and with flexible and simple procedures.

It has consistently invested in technology, especially online banking solutions, to enhance customer experience in banking in general and in forex transactions.

Its online FX programme, which is integrated with its internet banking and mobile banking systems, supports online price fixing with price sources connected to the world meaning exchange rates are updated in real time.

The bank also supports fixing the price at the exchange rate negotiated with the customer or notifies them when the exchange rate reaches a desired level, a useful solution for import and export payments.

Also this year Sacombank won the “Best Forex Bank in Viet Nam” award from the UK’s Global Banking & Finance Review magazine, and the 2023 The Asset Triple A Treasurise award given by The Asset magazine in the “Best in Treasury and Working Capital (SMEs)” category for Viet Nam for meeting all criteria in terms of market share, transaction volume, product diversity, network, liquidity, risk prevention solutions, and competitive pricing policies and having a professional sales team. — VNS

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