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VietNamNews

Đông Á Bank recoups $185m of bad debts

Update: February, 10/2017 - 12:00
Đông Á Bank recovers nearly VNĐ4.2 trillion (US$185 million) of its non-performing loans. — Photo cafef.vn
Viet Nam News

HÀ NỘI — Đông Á Bank has delivered a steady performance under the State Bank of Việt Nam’s special supervision, since August, recovering nearly VNĐ4.2 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 VNĐ940 billion by the end of 2016 against January 2016. Its lending reached VNĐ1.78 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 VNĐ492 billion and revenue from remittances was nearly $1.43 billion. — VNS

 

 

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