Bidv assets up as loan growth accelerates
11-OCT-2008 Intellasia | Reuters
Oct 11, 2008 - 7:00:00 AM
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State-run Bidv, Vietnam's second-largest bank, said it had 232 trillion dong (US$14 billion) in assets at the end of September, up 15% a year ago, as loan growth in the first nine months of 2008 accelerated to 24%.
The Hanoi-based Bank for Investment and Development of Vietnam Loans said its had loans worth 137.2 trillion dong on its books at the end of September. The increase compares with annual credit growth of 15.4% in the same period last year, it said in a statement.
The unlisted bank did not provide profit figures but said the bank's bad debt at the end of September rose to 3.87% of outstanding loans, compared with a rate of 2.75% at the start of this year.
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