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Viet Capital Bank targets $3.5m profit

Update: May, 02/2018 - 17:04
A Viet Capital Bank branch in HCM City. — VNS Photo
Viet Nam News

HCM CITY — Viet Capital Bank reported a 26 per cent increase in deposits last year to VNĐ35.93 trillion (US$1.57 billion).

Its total outstanding loans were worth VNĐ25.87 trillion ($1.34 billion) at the end of last year, up 19 per cent, with non-performing loans accounting for 1.8 per cent.

At its annual shareholders meeting held recently in HCM City, many targets for 2018 were approved: net profit of VNĐ80 billion ($3.5 million), total assets of VNĐ46 trillion, deposits of VNĐ41.3 trillion and total outstanding loans of VNĐ29.1 trillion.

Non performing loans will be less than 3 per cent.

The management warned of possible headwinds this year, but said with support from shareholders and the State Bank of Việt Nam and efforts from employees, the bank is fully confident of accomplishing the targets. — VNS




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