Business

Vietcombank posts 7.9 trillion VND pre-tax profit in three quarters

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has reported it earned around 2.7 trillion VND (119.9 million USD) in pre-tax profit in the in the third quarter of this year, up 31 percent year-on-year.
Vietcombank posts 7.9 trillion VND pre-tax profit in three quarters ảnh 1Vietcombank has reported it earned around 2.7 trillion VND (119.9 million USD) in pre-tax profit in the in the third quarter of this year (Source: VNA)
Hanoi (VNA) – The Joint Stock Commercial Bank for Foreign Trade ofVietnam (Vietcombank) has reported it earned around 2.7 trillion VND (119.9million USD) in pre-tax profit in the in the third quarter of this year, up 31percent year-on-year.

In the first nine months of 2017, the bank’s before-tax profit reached over 7.9trillion VND (348 million USD), up 25 percent compared to the same period lastyear, the highest among banks in Vietnam.

With this figure, Vietcombank fulfilled 86 percent of its 9.2 trillion VNDtarget set for the year.

By the end of September, total assets of the bank valued at over 898 trillionVND, an increase of 14 percent compared to the year’s beginning. Its creditgrew 16.1 percent to nearly 526 trillion VND, slightly exceeding the yearlyplan.

Vietcombank’s bad debts stood at 1.15 percent, down from the 1.47 percentrecorded at the end of June.-VNA
VNA
#Joint Stock Commercial Bank for Foreign Trade of Vietnam #Vietcombank #before-tax profit #total assets #bad debts #yearly plan #Vietnam #VietnamPlus #Vietnam News
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