Viet Capital Commercial Joint Stock Bank has announced excellent first-half results, exceeding almost all its financial targets. — VNS Photo.

HCM CITY (Biz Hub) —  Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) has announced first-half results that show it exceeded almost all its financial targets.

Its deposits stood at VND24.126 trillion (US$1.1 billion), a year-on-year increase of 22 per cent and representing 93 per cent of the full-year target.

Its outstanding loans topped VND13.366 trillion ($613.68 million), or 79 per cent of the full-year target.

The bank did not disclose its profit or non-performing assets numbers, saying merely that its bad debt ratio was within the threshold set by the State Bank of Viet Nam.

Its total assets were worth nearly VND28 trillion ($1.28 billion), representing 87 per cent of its full-year target.

But the bank said it would not adjust its targets. It plans to focus on fulfilling the existing targets, boosting lending growth, controlling risks and bad debts and improving customer service. — VNS