VietinBank reviews first-half performance

Illustrative image (Source: Internet)

Hanoi (VNA) – The Vietnam Bank for Industry and Trade (VietinBank) held a conference in Hanoi on July 12 to review its first-half performance and launch tasks for the remaining months this year.

Speaking at the event, VietinBank Chairman of the Board of Directors Nguyen Van Thang urged branches to fix existing shortcomings to facilitate business activities.

In the near future, VietinBank will channel credit into manufacturing in value chain, hi-tech and clean agriculture, start-ups and small and medium-sized enterprises.

The bank will also pay attention to growth in combination with controlling credit quality by accelerating debt collection in line with the National Assembly’s resolution.

Le Duc Tho, VietinBank General Director said the bank recorded a total asset of 1,030 trillion VND (44.78 billion USD) at the end of June, up 9 percent from December 31, 2016.

It raised capital worth 947 trillion VND (41.17 billion USD), marking a 9.7 percent increase from early this year while outstanding loans rose 9.6 percent to 767.8 trillion VND (33.38 billion USD). Pre-tax profit rose 12 percent year-on-year, or 54 percent of the target.-VNA

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