A transaction office of Vietcombank (Photo: VNA) The bank, with over 50percent of its charter capital owned by the State, fulfilled and surpassed the targetsfor last year despite the continued abnormal socio-economic changes, Chairmanof its Board of Directors Pham Quang Dung told the bank's meeting in Hanoi on January10.
In 2021, it mobilised 1.154quadrillion VND (almost 51 billion USD) from individuals and organisations, up9.5 percent from the previous year.
Outstanding loans wereestimated at 963.6 trillion VND, rising 15 percent from the end of 2020. Meanwhile,non-performing loans (NPLs) were maintained at 0.63 percent of the total,lowest among the large-scale credit institutions.
Vietcombank contributed about11 trillion VND to the State budget last year.
Besides, it pushed ahead withmeasures supporting pandemic-hit businesses, individuals, and households, suchas providing concessional loans, reducing fees and lending interest rates, andrestructuring loans. It assisted clients with interest rate cuts worth 7.1 trillion VND, more than doubling the sum in 2020 and raising the two-year figureto 10.8 trillion VND.
In 2022, the bank looks toincrease its total asset value by 8 percent, pre-tax profit by at least 12percent, and credit by 12 percent year on year while keeping the NPL rate atunder 1.5 percent./.
VNA
