Business

Vietinbank eyes 16.8 trillion VND in pre-tax profit

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-tax profit this year, the bank’s annual general meeting on April 16 heard.
Vietinbank eyes 16.8 trillion VND in pre-tax profit ảnh 1At the event (Photo: VNA)
Hanoi(VNA) – Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-taxprofit this year, the bank’s annual general meeting on April 16 heard.

The figure representsa slight annual increase against the 16.45 trillion VND in pre-tax profitrecorded last year.

Vietinbank alsoaims at achieving asset and credit growth of 6-10 percent and a maximum of 7.5percent, respectively. Its bad loan ratio is expected to be kept under 1.5percent.

VietinBankChairman Le Duc Tho said the bank will continue to work towards recording higherbusiness growth, dramatically improving quality and efficiency, expanding thescale of operations, implementing appropriate credit growth solutions, andeffectively balancing capital sources.

It will alsopromote credit activities in green and environmental protection fields, headded.

Tho emphasisedthat the bank will further its implementation of solutions to support customersaffected by natural disasters and pandemics, especially COVID-19, in line withdirections from the Government and the State Bank of Vietnam./.
VNA
#Vietnam Joint Stock Commercial Bank for Industry and Trade #Vietinbank #pre-tax profit #annual general meeting #asset and credit growth #bad loan ratio #Le Duc Tho #Vietbam News Agency #vietnamplus
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