BIDV enjoys more than $164m in profits as assets rise

tohang

Net profits of the Bank for Investment and Development of Viet Nam (BIDV) slightly exceeded VND3.5 trillion (US$164.3 million), a 13.5-per cent year-on-year increase, in the first nine months of 2014.

HA NOI (Biz Hub)  — Net profits of the Bank for Investment and Development of Viet Nam (BIDV) slightly exceeded VND3.5 trillion (US$164.3 million), a 13.5-per cent year-on-year increase, in the first nine months of 2014.

In addition, the bank's total assets reached VND598.94 trillion ($28.12 billion), a 9.2-per cent increase over that at the beginning of this year. Its total outstanding loans reached VND428.54 trillion ($22.65 billion), a 9.4-per cent increase. Of these, non-performing loans made up 1.97 per cent, a 0.33-per cent decline.

BID closed yesterday at VND12,700 per share. — VNS



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