Vietnam International Bank (VIB) has opened three new branches in the cities of Hue and Can Tho and the Binh Duong Province to expand its business operations nation-wide.

The additional branches are eligible to undertake a variety of financial and banking activities, such as capital mobilisation, lending, payment and others, the bank said in its statement.

On the occasion, the bank has launched a gratitude programme in which hundreds of gifts will be offered to customers who make transactions at the new branches.

Earlier, VIB also opened more branches to meet customers’ increasing demand for financial services in localities such as Ha Long City, Thai Binh and Vinh Phuc provinces.

Over the past six months this year, the bank’s total assets witnessed a year-on-year increase of 10 per cent to VND115 trillion (over US$5 billion).

Its credit balance reached VND75.68 trillion during the period, up 15.7 per cent year-on-year, including a lending balance of VND69.2 trillion.

Most of the credit growth was contributed by personal loans, which went up by more than 30 per cent, compared with the end of 2016, clearly demonstrating the bank’s intention to focus on the retail segment, VIB said, adding that deposits also saw a yearly growth of 15 per cent.

From January to June, the bank’s pre-tax profit topped VND380 billion, surging 25 per cent, compared with the same period in 2016, or accounting for 51 per cent of its yearly plan. — VNS