BIDV's assets 85 times higher than in 1995
The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.
Conference to review BIDV operations from 1995-2015 (Source: VNA)This dramatic increase in assets made it one of the largest banks in Vietnam.
Figures released at a conference on BIDV, "20 years of changes in commercial banks: Development and Integration," held in Hanoi over the weekend, showed that the bank's mobilised capital increased 337 times from 1.7 trillion VND (77.9 million USD) to 574 trillion VND (26.3 billion USD); its credit rose 100 times from 5.3 trillion VND (243 million USD) to 535 trillion VND (24.5 billion USD), while its charter capital jumped from 247 billion VND (11.3 million USD) to 31.4 trillion VND (1.4 billion USD).
The bank's pre-tax profit also rose from 221 billion VND (10.1 million USD) to 6 trillion VND (275.2 million USD) after 20 years of transition into the commercial bank model.
By the end of 2014, the bank posted a high growth rate with return on equity of 14.4 percent, return on assets of 0.8 percent and a Capital Adequacy Ratio of more than 9 percent.
It has contributed 12 trillion VND (550.46 million USD) to the State budget so far.-VNA
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