HCM CITY — Sacombank's credit ratings have been upgraded by credit rating agency Moody’s across several key indices, marking a significant step forward in the bank’s restructuring strategy and internal consolidation.

This is one of the most positive assessments the bank has received in years, underscoring its significantly improved financial strength and sustainable growth prospects.

Moody’s raised Sacombank’s long-term foreign- and local-currency deposit ratings and issuer rating from B2 to B1, and upgraded its Baseline Credit Assessment (BCA) from b3 to b2, signalling a more robust core financial foundation. The outlook remains Stable, reflecting expectations that the bank will maintain its credit strength and growth momentum over the next 12–18 months.

The rating agency highlighted several of Sacombank’s key strengths: exceptional profitability, a high net interest margin (NIM), optimised operating costs and reduced provisioning pressure thanks to the effective resolution of legacy assets. A solid funding base, a healthy Current Account Savings Account (CASA) ratio and an extensive network also help the bank maintain low funding costs and stable liquidity.

Shareholder equity has continued to increase on the back of strong profits and prudent risk management, creating room for sustainable credit expansion. Moody’s also assessed positively the bank’s post-restructuring capital-raising plans.

Moody’s upgrade across multiple indicators reinforces confidence in Sacombank’s position within Việt Nam’s banking system. It is clear testament to the effectiveness of the bank’s restructuring strategy, its persistent efforts to improve asset quality, strengthen internal capacity and enhance competitiveness. The upgrade also provides added momentum for the bank to accelerate its growth, elevate its market standing and contribute more positively to the economy. — VNS