Bank for Investment and Development of Vietnam (Bidv) reported that by December 31, 2005 it recorded total assets of 131.731 trillion dong, total deposit balance of 88.183 trillion dong and total credit balance of 82.013 trillion dong. Reportedly, Bidv recorded annual growth of 20 to 25% over the last five years.
Additionally, Bidv’s owner’s equity reached 6.8 trillion dong. In addition, the bank set aside 2.594 trillion dong for risk provisioning fund.
The bank has basically completed the banking modernisation scheme for the first phase. Moreover, the bank has networked 144 branches.
Over the last five years, Bidv has opened another 20 subsidiaries, 28 second grade branches and hundreds of transaction offices. Furthermore, the bank has installed more than 500 ATM’s. By the end of last year, Bidv had more than 1,000 transaction points nationwide.