Home Finance

Dong A bank recoups $185m of bad debts

Feb 11th at 11:28
11-02-2017 11:28:05+07:00

Dong A bank recoups $185m of bad debts

Dong A Bank has delivered a steady performance under the State Bank of ViEt Nam’s special supervision, since August, recovering nearly VND4.2 trillion (US$185 million) of its non-performing loans.

 

A report on the bank’s business performance released this week stated it had ensured liquidity, with capital mobilisation rising by VND940 billion by the end of 2016 against January 2016. Its lending reached VND1.78 trillion between August 2016 and December 2016.

The number of new customers last year also increased by more than 430,000 individual customers and over 2,000 institutional customers.

In addition, service activities earned the bank VND492 billion and revenue from remittances was nearly $1.43 billion.

bizhub

MOST READ

NEWS SAME CATEGORY

Interest rates to remain stable in 2017: SBV
FINANCE Feb 11th at 11:25

Interest rates to remain stable in 2017: SBV

A report to announce the operation of the banking system in January 2017 and its orientation for the entire year stated that some commercial banks inched up deposit...

Outstanding consumer loans capped at VND100m per person
FINANCE Feb 11th at 11:21

Outstanding consumer loans capped at VND100m per person

A consumer can have a maximum outstanding loan of VND100 million (US$4,400) at financial firms, as per the State Bank of Viet Nam’s Decree No 43/2016.

Vietcombank plans to support restructuring of ailing bank
FINANCE Feb 10th at 11:24

Vietcombank plans to support restructuring of ailing bank

Vietcombank has submitted to the State Bank of Viet Nam’s governor a plan to support the restructuring of an ailing bank.

Environmental protection tax hike hurts firms
FINANCE Feb 10th at 11:18

Environmental protection tax hike hurts firms

The Finance Ministry (MoF)’s proposal to almost triple the environmental protection tax on oil and gas consumption would reduce businesses’ competitiveness against...

VN shines in ASEAN’s top 100 banks ranking
FINANCE Feb 9th at 15:58

VN shines in ASEAN’s top 100 banks ranking

Viet Nam’s lenders have posted the second-highest growth in the Top 100 Association of Southeast Asian Nations (ASEAN) banks ranking list, released by the...

VND2.57 quadrillion deposited at listed banks
FINANCE Feb 9th at 09:34

VND2.57 quadrillion deposited at listed banks

Institutions and individuals deposited some VND2.57 quadrillion (US$113.2 billion) at eight listed commercial banks by the end of 2016.

HCM City’s customs department to control taxable prices
FINANCE Feb 9th at 09:32

HCM City’s customs department to control taxable prices

HCM City’s customs department has said that it will closely control prices of taxable consumer goods with high import value and high tax rates to manageefficiently...

January State budget revenue reaches US$4.3 billion
FINANCE Feb 9th at 09:29

January State budget revenue reaches US$4.3 billion

State budget revenue in January was estimated at VND97.4 trillion (US$4.3 billion), the Ministry of Finance said.

Vietcombank honoured by finance mag
FINANCE Feb 8th at 09:16

Vietcombank honoured by finance mag

The Bank for Foreign Trade of Viet Nam (Vietcombank) has been voted the country’s best treasury and cash management bank.

Inter-bank rates drop sharply after Tet
FINANCE Feb 8th at 09:11

Inter-bank rates drop sharply after Tet

Interest rates for Vietnamese dong loans of different tenors have dropped sharply on the inter-bank market following the Tet (Lunar New Year) holiday.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top