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VietNamNews

Military Bank gains profit increase in Q1

Update: May, 23/2014 - 08:08

Customers use Military Bank services. The bank's after-tax profits rise slightly in Q1. — Photo kinhtenongthon

HA NOI (VNS) — Military Bank's after-tax profits increased slightly 1.4 per cent year-on-year in the first quarter of this year, reaching VND636.3 billion, or US$30.3 million.

The bank's new financial reports attributed the rise to a 7.8 per cent decline in risk provisional funds, which reached nearly VND366 billion, or $17.43 million. The total operational revenues reached VND1.83 trillion, or $87.14 million, down 0.7 per cent over the same period last year, while operational costs totaled VND656.4 billion, or $31.26 million, up 6.5 per cent. — VNS

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