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DongA Bank recoups VND504b-worth bad debts in Q1

Apr 19th at 16:43
19-04-2017 16:43:22+07:00

DongA Bank recoups VND504b-worth bad debts in Q1

DongA Bank has consistently delivered a steady performance under the State Bank of Viet Nam’s special supervision, helping it recoup non-performing loans (NPLs) worth VND504 billion (US$22.1 million) in Q1 2017.

 

As a result, DongA Bank has recovered NPLs worth some VND4.7 trillion since August 2015 when it was put under the central bank’s special supervision due to weak performance.

The bank’s total assets up till March 31, 2017 inched up 0.23 per cent to VND74.2 trillion.

Its mobilised capital rose 2.43 per cent against early this year, of which savings from individuals increased 2.87 per cent.

Liquidity of the bank was ensured with liquidity coverage ratio reaching 22.3 per cent against the 10 per cent safe ratio regulated by the central bank.

Service activities earned the bank VND127 billion and revenue from remittances was $405 million in Q1.

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