An ABBANK branch. The lender’s pre-tax profit in the first nine months of the year increased by 30 per cent year-on-year to VNĐ856 billion (US$36.97 million). — Photo courtesy of ABBANK
HCM CITY — An Bình Commercial Joint Stock Bank has reported a pre-tax profit of VNĐ856 billion (US$36.97 million) for the first nine months of the year, a 30 per cent increase over the same period last year.
Earnings from interest were worth VNĐ1.82 trillion ($78.6 million), an increase of 17 per cent.
Its net profit from services was worth VNĐ117 billion.
Non-performing loans continued to be under 3 per cent in accordance with State Bank of Vietnam regulations.
It had deposits of over VNĐ67.65 trillion ($2.9 billion) at the end of September and loans outstanding of more than VNĐ52.35 trillion ($2.2 billion), up 13 per cent and 15 per cent from a year earlier.
Its return on assets was 1.3 per cent and return on equity was 16.2 per cent. Its capital adequacy ratio was 11.1 per cent. — VNS