HA NOI (Biz Hub) — The Bank for Investment and Development of Viet Nam's (BIDV) total assets rose 85 times from VND8.7 trillion (US$399 million) in 1995 to VND730 trillion ($33.4 billion) in 2015.

This dramatic increase in assets made it one of the largest banks in Viet Nam.

Figures released at a conference on BIDV, "20 years of changes in commercial banks: Development and Integration," held in Ha Noi over the weekend, showed that the bank's mobilised capital increased 337 times from VND1.7 trillion ($77.9 million) to VND574 trillion ($26.3 billion); its credit rose 100 times from VND5.3 trillion ($243 million) to VND535 trillion ($24.5 billion), while its charter capital jumped from VND247 billion ($11.3 million) to VND31.4 trillion ($1.4 billion).

The bank's pre-tax profit also rose from VND221 billion ($10.1 million) to VND6 trillion ($275.2 million) after 20 years of transition into the commercial bank model.

By the end of 2014, the bank posted a high growth rate with return on equity of 14.4 per cent, return on assets of 0.8 per cent and a Capital Adequacy Ratio of more than 9 per cent.

It has contributed VND12 trillion ($550.46 million) to the State budget so far. — VNS