DongA Bank recoups VNĐ504b-worth bad debts in Q1

April 19, 2017 - 15:30

DongA Bank has consistently delivered a steady performance under the State Bank of Việt Nam’s special supervision, helping it recoup non-performing loans (NPLs) worth VNĐ504 billion (US$22.1 million in Q1 2017.

DongA Bank recouped non-performing loans (NPLs) worth VNĐ504 billion (US$22.1 million) in Q1 2017. — Photo vnexpress.net

Viet Nam News

HÀ NỘI — DongA Bank has consistently delivered a steady performance under the State Bank of Việt Nam’s special supervision, helping it recoup non-performing loans (NPLs) worth VNĐ504 billion (US$22.1 million) in Q1 2017.

As a result, DongA Bank has recovered NPLs worth some VNĐ4.7 trillion since August 2015 when it was put under the central bank’s special supervision due to weak performance.

The bank’s total assets up till March 31, 2017 inched up 0.23 per cent to VNĐ74.2 trillion.

Its mobilised capital rose 2.43 per cent against early this year, of which savings from individuals increased 2.87 per cent.

Liquidity of the bank was ensured with liquidity coverage ratio reaching 22.3 per cent against the 10 per cent safe ratio regulated by the central bank.

Service activities earned the bank VNĐ127 billion and revenue from remittances was $405 million in Q1. — VNS

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