Vietcombank’s pre-tax profit rises 20 percent in six months hinh anh 1A transaction office of Vietcombank (Photo: Vietcombank)

Lam Dong (VNA) – The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted more than 5.05 trillion VND (222 million USD) in pre-tax profit in the last six months, up 20.5 percent year on year and equivalent to 53.2 percent of the target for 2017.

The information was released by Vietcombank General Director Pham Quang Dung at a meeting to review the bank’s performance in Lam Dong province on July 7-8.

He said Vietcombank recorded positive outcomes in all activities, from capital mobilisation, credit growth and credit quality to services provision.

[Vietcombank set to up capital to 1.74 billion USD]

While the price of its shares topped the banking sector, the bank remained among the top three businesses in terms of market capitalisation. Its prestige was also affirmed by assessments from clients and international organisations, he added.

At the meeting, Chairman of Vietcombank’s board of directors Nghiem Xuan Thanh made proposals to the State Bank of Vietnam regarding the increase of Vietcombank’s charter capital, the development of the bank’s network, including the opening of a subsidiary in Laos and expanding its credit growth limit.

The central bank’s Deputy Governor Nguyen Dong Tien said he hopes Vietcombank’s achievements at the end of 2017 will be the best results across the banking system.-VNA