Viet Capital Bank profit up 63 per cent in first 9 months

Friday, Oct 30, 2020 07:59

A Viet Capital Bank transaction office in HCM City. The bank has reported solid results for the first nine months of the year. — Photo courtesy of the bank

Viet Capital Bank reported pre-tax profits of VND76 billion (US$3.27 million) for the third quarter, more than double the figure for the same period in 2019.

Its income in the first nine months of the year increased by 21 per cent and pre-tax profit reached VND138 billion ($5.95 million), up 63 per cent year-on-year, completing 69 per cent of the year’s target.

Loans outstanding as of September 30 topped VND38 trillion, up 15 per cent year-on-year and 12 per cent for the year.

Its deposits rose 17 per cent year-on-year and 10 per cent from the beginning of the year to VND41 trillion.

Year-on-year, its net interest income grew by 15 per cent and income from the credit card business was up 63 per cent as it issued a number of co-branded cards.

Its assets were 14 per cent up to nearly VND55 trillion.

Following its good results in the first nine months, the bank said it expects to achieve its targets for the full year. — VNS

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