Formerly known as Incombank, VietinBank is one of the country's largest state-owned commercial banks, with about 140 branches and 700 transaction centers. It offers deposit products, and loans, as well as trade finance and foreign exchange services. Subsidiaries include Vietin-branded units active in leasing, securities, and asset management. VietinBank also has stakes in other banks, leasing companies, and insurers, including VietinBank - Asia Insurance and Indovina Bank. The company was established in 1988, when it was separated from the State Bank of Vietnam.