23/10/2017 10:09 GMT+7 Email Print Like 0

Vietcombank posts 7.9 trillion VND pre-tax profit in three quarters

Hanoi, October 22 (VNA) – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has reported it earned around 2.7 trillion VND (119.9 million USD) in pre-tax profit in the in the third quarter of this year, up 31 percent year-on-year. 

In the first nine months of 2017, the bank’s before-tax profit reached over 7.9 trillion VND (348 million USD), up 25 percent compared to the same period last year, the highest among banks in Vietnam. 

With this figure, Vietcombank fulfilled 86 percent of its 9.2 trillion VND target set for the year. 

By the end of September, total assets of the bank valued at over 898 trillion VND, an increase of 14 percent compared to the year’s beginning. Its credit grew 16.1 percent to nearly 526 trillion VND, slightly exceeding the yearly plan. 

Vietcombank’s bad debts stood at 1.15 percent, down from the 1.47 percent recorded at the end of June.