Viet Capital Bank targets $3.5m profit

Wednesday, May 02, 2018 17:22

A Viet Capital Bank branch in HCM City. — VNS Photo

Viet Capital Bank reported a 26 per cent increase in deposits last year to VND35.93 trillion (US$1.57 billion).

Its total outstanding loans were worth VND25.87 trillion ($1.34 billion) at the end of last year, up 19 per cent, with non-performing loans accounting for 1.8 per cent.

At its annual shareholders meeting held recently in HCM City, many targets for 2018 were approved: net profit of VND80 billion ($3.5 million), total assets of VND46 trillion, deposits of VND41.3 trillion and total outstanding loans of VND29.1 trillion.

Non performing loans will be less than 3 per cent.

The management warned of possible headwinds this year, but said with support from shareholders and the State Bank of Viet Nam and efforts from employees, the bank is fully confident of accomplishing the targets. — VNS

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