Monday, November 30 2020


ABBANK profits reache over $39.7 million

Update: October, 22/2020 - 08:00


An ABBANK branch. The lender’s pre-tax profit in the first nine months of the year reached VNĐ924 billion (US$39.77 million). — Photo courtesy of ABBANK

HCM CITY — An Bình Commercial Joint Stock Bank reported pre-tax profits of VNĐ924 billion (US$39.77 million) for the first nine months of the year.

It had total assets of VNĐ93.07 trillion ($3.99 billion) and loans outstanding of VNDĐ59.14 trillion ($2.5 billion), the latter representing 4 per cent growth for the year.

It has deposits of VNĐ73.49 trillion, a year-on-year increase of 9 per cent.

Non-performing loans rose by 0.54 percentage points for the year to 2.26 per cent.

Indicators reflecting asset utilisation efficiency remained stable, with return on assets at 1.3 per cent and return on equity at 15.2 per cent.

The bank is preparing to list its shares on the stock market. — VNS






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