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NCB to use profits for restructuring

Update: January, 31/2015 - 08:46
HA NOI (VNS)— The National Citizen Bank (NCB) posted profit of VND75 billion (US$3.5 million), while its assets rose 27 per cent to be worth nearly VND36.8 trillion ($1.7 billion).

By the end of last year, the total mobilised and lending capital rose 30 per cent and 23 per cent respectively over the previous year. In particular, its bad debt rate fell by 58 per cent, accounting for 2.5 per cent of the total outstanding loans.

NCB's General Director Tran Hai Anh said last year that the bank's business results had improved. The profits will be used for accelerating the restructuring process.

NCB has also focused on strengthening and improving efficiency in the whole system, while developing strategic products in the retail banking sector. It will build special service packages for businesses and for enhancing debts. — VNS

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