Business

BIDV’s pre-tax profit up over 30 percent in nine months

The Bank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6 percent year-on-year to 7.2 trillion VND (305.45 million USD) in the first three quarters of 2018.
BIDV’s pre-tax profit up over 30 percent in nine months ảnh 1Illustrative image (Source: VNA)

Hanoi(VNA) - TheBank for Investment and Development of Vietnam (BIDV)’s pre-tax profit increased by 30.6 percent year-on-yearto 7.2 trillionVND (305.45 million USD) in the first three quarters of 2018.

According to the bank’s latest financial report for theperiod, it earned 32.8 trillion VND in operating income in the period, up 18.3percent year-on-year. 

As of September 30, the bank’s total assets amounted to more than 1,268trillion VND, up 12.67 percent compared to the same period last year.

The bank has mobilised some 953.5 trillion VND in capital, up10.9 percent compared to the beginning of the year.

Its credit structure has shifted towards increasing theproportion of retail sector and small- and medium-sized enterprise (SME) segments;and short-term debt, focusing on terms of production and business.

The BIDV continues to be the leading joint-stock commercialbank.

The bank is focusing its resources for its restructuringplan in connection with dealing with bad debts, andworking to mobilise more capital in line with its roadmap.-VNA
VNA
#ank for Investment and Development of Vietnam (BIDV) #pre-tax profit #latest financial report #total asset #Vietnamplus #Vietnam News #Vietnam News Agency
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