ABBank releases 2016 business results

January 31, 2017 - 07:00

The An Bình Commercial Joint Stock Bank (ABBank) has announced that its pre-tax profit reached VNĐ288 billion (US$12.8 million) in 2016, representing an annual increase of 169 per cent, mostly thanks to strong returns from the retail banking segment.

Its strong retail banking service helped An Bình Commercial Joint Stock Bank post pre-tax profit of VNĐ288 billion (US$12.8 million) for 2016. — Photo cafef.vn

Viet Nam News

HÀ NỘI — The An Bình Commercial Joint Stock Bank (ABBank) has announced that its pre-tax profit reached VNĐ288 billion (US$12.8 million) in 2016, representing an annual increase of 169 per cent, mostly thanks to strong returns from the retail banking segment.

Last year, the bank mobilised an amount of capital worth VNĐ52.2 trillion, a year-on-year rise of 9 per cent, while lending surged by 30 per cent on last year’s figure to reach VNĐ40.1 trillion.

The amount of non-performing loans was kept under 3 per cent.

As of December 2016, ABBank’s charter capital was recorded at VNĐ5.3 trillion, 10.8 per cent higher than the level posted by the end of last year.

ABBank general director Cù Anh Tuấn said that the bank would continue focusing on the retail banking sector this year and list its shares on the stock market. — VNS

Tags deposits ABBank bad debts pre-tax profit

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