Vietinbank reports 318.6 million USD in pre-tax profit
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reported it earned over 7.23 trillion VND (318.6 million USD) in pre-tax profit in the first nine months of 2017, up 11.5 percent year-on-year. The figure is equal to 82.2 percent of VietinBank’s target set for the whole year.
A branch of VietinBank (Photo: VietinBank)Hanoi (VNA) - The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reported it earned over 7.23 trillion VND (318.6 million USD) in pre-tax profit in the first nine months of 2017, up 11.5 percent year-on-year.
The figure is equal to 82.2 percent of VietinBank’s target set for the whole year.
In the reviewed period, the bank’s post-tax profit exceeded 5.87 trillion VND (258.7 million USD), up over 13 percent compared to the same period last year.
[VietinBank targets increasing before-tax profit]
By the end of September, VietinBank’s total assets were valued at over 1,062 trillion VND (nearly 46.8 billion USD), an increase of 12 percent compared to the figure at the end of 2016.
Its outstanding credit increased by 14.4 percent from the year’s beginning, higher than the banking sector’s growth rate.
The bank’s operating revenue in the January-September period rose 18.7 percent year-on-year to 23.9 trillion VND (10.5 billion USD).-VNA
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