VIB earns $252 million in nine-month revenue

18-Oct-2019 Intellasia | VNS | 6:02 AM Print This Post

Vietnam International Bank (VIB) posted a revenue of more than VND5.87 trillion (US$252 million) and a pre-tax profit of VND2.33 trillion ($100 million) in the first nine months of 2019.

The bank’s service revenue accounted for 22 per cent of the total, reaching VND1.27 trillion ($55 million), business results published on Tuesday revealed.

Total assets amounted to nearly VND176 trillion while the bank’s credit outstanding balance reached VND127 trillion.

Non-performing loans decreased to 1.78 per cent as of September 30 from 2.24 per cent at the beginning of this year. Its equity saw a yearly increase 17 per cent to VND12.5 trillion, of which charter capital topped VND9.24 trillion, up 18 per cent year-on-year.

From January to September, the bank had also reported positive retail growth. The two main lending productsmortgages and auto loansaccounted for 80 per cent of total lending portfolio.

The bank expected to maintain its bad debts at below 2 per cent. million-in-nine-month-revenue_310058.html


Category: Finance, Vietnam

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