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KPMG and Kienlongbank entered into a cooperation agreement on advisory regarding variance analysis under Circular No. 13/2018/TT-NHNN and Circular No. 41/2016/TT-NHNN

(12/14/2018)

On 13th December 2018, Kienlong Commercial Joint Stock Bank (Kienlongbank) and KPMG Tax and Advisory Co., Ltd (KPMG) officially entered into the Cooperation Agreement on the advisory service regarding variance analysis under Circular No. 13/2018/TT-NHNN and Circular No. 41/2016/TT-NHNN. The signing ceremony is Kienlongbank commitment on establishing and developing a risk management system which is innovative, strong, and complies with international best practices.


Representatives of Kienlongbank and KPMG executed the signing ritual 

In accordance with this agreement, KPMG and Kienlongbank will review the bank’s risk management system, compare it with requirements for risk management and internal control of The State Bank (Circular No. 13/2018/TT-NHNN on regulations on internal control system) and with Basel’s international best practices to identify an implementation schedule and an appropriate risk strategy for Kienlongbank business strategy in the next few years. At the same time, KPMG will assist Kienlongbank in establishing and transforming its system for calculating risk assets and capital adequacy under the State Bank’s regulations (Circular No. 41/2016/TT-NHNN on the Regulation on Capital Adequacy Ratio.). During the implementation, the transformation of knowledge of innovative best practices is one of the most important requirements of the project.


Representatives of Kienlongbank and KPMG executed the signing ritual 

 With his experience in carrying out a number of projects regarding risk management in finance-banking, the representative of KPMG expressed his faith and committed himself to implementing the project successfully with Kienlongbank.


Mr. Ross Macallister – Deputy General Director of advisory service, KPMG, made his speech at the Ceremony 

The representative of Kienlongbank also believed that KPMG, as the bank’s advisory partner, will bring good results as desired by the Bank. 


Ms. Tran Tuan Anh – Member of the BOD cum General Director of Kienlongbank delivered her speech at the Ceremony

About Kienlongbank

Kienlongbank is a Commercial Joint Stock Bank founded in 1995 in Vietnam. The bank offers a number of flexible financial solutions, meeting every demand of customers in saving, loan, card services and other services. Kienlongbank network has continuously been expanded in 28 provinces and cities nationwide with 134 transaction points. In addition to electronic transaction channels such as Internet Banking, SMS Banking, Mobile Banking, a team of more than 4,500 staffs, employees, collaborators of Kienlongbank work professionally and devotedly.

With the motto “Willing to share” in addition to its business operations, Kienlongbank has been commended and rewarded by the State Bank and Local Authorities of provinces and cities for its social contribution in years with social security and public sake activities such as building roads, rural bridges, solidarity houses; presenting gifts to people in difficult circumstances; awarding “Share the dream” scholarships; sponsoring poor people by assisting them in purchasing Health Insurance, etc.

 About KPMG

KPMG Tax and Advisory Company Limited has had more than 24 years of experience in providing professional advisory services and implementing top management technology solutions. With a team of more than 1,300 specialists in Vietnam and a network of experts with know-how in national and international finance sectors, KPMG has consulted about solutions and executed technologies successfully for various financial institutions. The company has gradually asserted its position as a top advisory and implementation company in banking and insurance.

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