Dong A bank recoups $185m of bad debts


Dong A Bank has delivered a steady performance under the State Bank of ViEt Nam’s special supervision, since August, recovering nearly VND4.2 trillion (US$185 million) of its non-performing loans.

 

Dong A Bank recovers nearly VNĐ4.2 trillion (US$185 million) of its non-performing loans. — Photo cafef.vn

Dong A Bank has delivered a steady performance under the State Bank of ViEt Nam’s special supervision, since August, recovering nearly VND4.2 trillion (US$185 million) of its non-performing loans.

A report on the bank’s business performance released this week stated it had ensured liquidity, with capital mobilisation rising by VND940 billion by the end of 2016 against January 2016. Its lending reached VND1.78 trillion between August 2016 and December 2016.

The number of new customers last year also increased by more than 430,000 individual customers and over 2,000 institutional customers.

In addition, service activities earned the bank VND492 billion and revenue from remittances was nearly $1.43 billion. — VNS

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