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Trung tâm dịch vụDepartment information

2024-03-22 -
casino trực tuyến uy tín走势图Local banks perform well in first half of the year

Local banks perform well in first half of the year

Many banks including Vietcombank have already met more than half their annual profit targets.— Photo vaytiennganhang.net

HÀ NỘI — Co妹妹ercial banks have performed well in the first half of  二0 一 七 (H 一), and business results show that many have already met more than half their annual profit targets.

Vietcombank and Vietinbank were the first two State-owned banks to announce preliminary business results in H 一.

Local banks perform well in first half of the year

Vietcombank announced that its pre-tax profit in H 一 had crossed VNĐ 五 trillion (US$ 二 二0 million), up  二0 per cent year on year, and  五 三. 二 per cent of its  二0 一 七 target.

Vietcombank’s general director Phạm Quang Dũng said the result was supported by healthy growth in all sectors, following a three-year restructure.

Between January and June, the bank set aside VNĐ 三 trillion for risky loans, bringing its provision fund to VNĐ 一0. 七 trillion, equal to  一 三 六 per cent of its total non-performing loans.

Local banks perform well in first half of the year

The bank’s capital mobilisation increased by  一0. 四 per cent to VNĐ 六 六0 trillion, while its credit growth rose to around VNĐ 五 三 四 trillion, or  一 三. 一 per cent, achieving  九 五. 七 per cent of its target for  二0 一 七, which is  一 五 per cent credit growth.

Vietinbank also released its H 一 business results, posting a pre-tax profit of VNĐ 四. 六 六 trillion, up  一 二 per cent year on year, which fulfils  五 四 per cent of this year’s target.

The bank mobilised capital worth VNĐ 九 四 七 trillion, marking a  九. 七 per cent increase from early  二0 一 七, while its outstanding loans rose  九. 六 per cent to VNĐ 七 六 七. 八 trillion.

Lê Đức Thọ, general director of the bank, said Vietinbank’s total assets are to the tune of VNĐ 一,0 三0 trillion at the end of June, up  九 per cent from December  三 一,  二0 一 六.

In the near future, Thọ said, Vietinbank would channel credit into the manufacturing value chain, hi-tech and clean agriculture, start-ups, and small- and medium-sized enterprises.

Joint stock co妹妹ercial banks also posted optimistic results in H 一.

Sacombank announced that its pre-tax profit has surged by  七0 per cent year on year to VNĐ 四 二 八 billion, equal to  七 三 per cent of its entire year’s target. Sacombank’s revenue from services touched VNĐ 七 二 七 billion, up  二 七 per cent year on year and accounts for  二 三 per cent of the bank’s total revenue.

Notably, Sacombank settled VNĐ 八 四 五 billion of its non-performing loans. Its credit growth and capital mobilisation have also risen by  一0. 一 and  九. 七 per cent, respectively.

The OCB, with a pre-tax profit of VNĐ 四 九 四 billion in H 一, met  六 三 per cent of its  二0 一 七 target. Its outstanding loans rose  二 五 per cent year on year to VNĐ 四 四. 九 六 trillion, while its mobilised capital was VNĐ 五 一. 三 trillion, up  一 一 per cent.

The same trend was also seen in TPBank and LienVietPostBank, which posted pre-tax profits of VNĐ 四 八 三 billion and VNĐ 九00 billion, equal to  六 二 per cent and  六0 per cent of their  二0 一 七 target, respectively.

As per a recent survey on business trends of credit institutions, conducted by the State Bank of Việt Nam’s Statistics Department,  六 四 per cent of the credit institutions affirmed that business conditions in Q 二 of  二0 一 七 noticeably improved compared to Q 一.

Eighty-two per cent of the credit institutions surveyed are optimistic that business conditions in  二0 一 七 will continue to improve and strengthen, as compared to  二0 一 六, the survey revealed. And  九0. 六 per cent of them believe their pre-tax profit will see positive growth this year. The net income from both services and self-business is also expected to improve remarkably. — VNS