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.
Illustrative image (Source: VNA)Hanoi (VNA) - 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.
According to the bank’s latest financial report for the period, it earned 32.8 trillion VND in operating income in the period, up 18.3 percent year-on-year.
As of September 30, the bank’s total assets amounted to more than 1,268 trillion VND, up 12.67 percent compared to the same period last year.
The bank has mobilised some 953.5 trillion VND in capital, up 10.9 percent compared to the beginning of the year.
Its credit structure has shifted towards increasing the proportion 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 commercial bank.
The bank is focusing its resources for its restructuring plan in connection with dealing with bad debts, and working to mobilise more capital in line with its roadmap.-VNA
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