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Bank profits

Risk provision costs erode bank profits in Q3 2023

Risk provision costs erode bank profits in Q3 2023

The increase in provision costs of banks in recent quarters was forecast previously as the sharp increase in bad debt of firms, especially in the real estate and export sectors.
Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.
Bank stocks to flourish in 2023

Bank stocks to flourish in 2023

Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year.
Banking prospects from now to the end of the year

Banking prospects from now to the end of the year

The restructured debt balance saw improvements when the economy had recovered from the beginning of the year. 
Q3 2021 bank profits forecast to decline by 19 per cent due to pandemic

Q3 2021 bank profits forecast to decline by 19 per cent due to pandemic

Profits of the banking industry in the third quarter of 2021 would decrease by 19 per cent compared to the previous quarter due to slowing credit growth and increasing provision expenses.
Banks earn increasing profits from services

Banks earn increasing profits from services

In the first nine months of the year, the Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank)’s pre-tax profit exceeded the full-year 2017 figure and closed in on the year’s target.
Banks eye profit goals, despite credit crunch

Banks eye profit goals, despite credit crunch

Banks are confident about meeting their profit targets for 2018 despite the central bank curtailing credit expansion in the second half of the year.
Nam A Bank projects 19% rise in profits

Nam A Bank projects 19% rise in profits

Nam A Bank plans to report a pre-tax profit of $13.3 million this year, an increase of 19 per cent over last year.
Rising provisions slash Vietcombank, VietinBank profits

Rising provisions slash Vietcombank, VietinBank profits

Increasing provisional funds whittled away significant profits of two major banks in the first quarter of this year.
Military Bank profits slump

Military Bank profits slump

Military Bank earned $25.24 million in after-tax profits in the third quarter of this year, a decline of 18.3 per cent over the same period last year, according to the bank''s latest financial report.
Bank profits reach 952 million during first half

Bank profits reach $952 million during first half

The domestic banking sector''s total profits topped US$952.4 million during the first half of this year, higher than the same period last year, Dau tu Chung khoan news reported, citing a State Bank source.
Banks expect modest profits this year

Banks expect modest profits this year

Many banks are expecting only modest profits this year as bad debt ratios continue to increase while lending sees only slight rises, according to Dau tu Chung khoan (Securities Investment) online.
Banks find difficulties seeking profits in falling rate trend

Banks find difficulties seeking profits in falling rate trend

In light of hard-up companies waiting with baited breath for lending interest rates to fall further, pressurised banks expressed concern they wouldn''t meet profit targets due to the increasingly narrow margins between deposit and lending rates
Techcombanks profits fall sharply

Techcombank's profits fall sharply

Techcombank''s pre-tax profits fell by 158 per cent year-on-year to about VND397 billion (US$18.9 million) in the first quarter after the bank spent up to VND317 billion ($15 million) to establish a risk provisional fund.
Gold, forex trading slashes bank profits

Gold, forex trading slashes bank profits

Asia Commercial Bank (ACB) earned VNĐ1.23 trillion (US$58.6 million) in net revenues in the first quarter of this year, about 76.4 per cent of the amount earned in the same period last year, according to the bank''s financial reports.