Home Finance

BIDV enjoys more than $164m in profits as assets rise

Nov 29th at 21:39
29-11-2014 21:39:14+07:00

BIDV enjoys more than $164m in profits as assets rise

Net profits of the Bank for Investment and Development of Viet Nam (BIDV) slightly exceeded VND3.5 trillion (US$164.3 million), a 13.5-per cent year-on-year increase, in the first nine months of 2014.

In addition, the bank's total assets reached VND598.94 trillion ($28.12 billion), a 9.2-per cent increase over that at the beginning of this year. Its total outstanding loans reached VND428.54 trillion ($22.65 billion), a 9.4-per cent increase. Of these, non-performing loans made up 1.97 per cent, a 0.33-per cent decline.

BID closed yesterday at VND12,700 per share.

bizhub

MOST READ

NEWS SAME CATEGORY

Vietinbank projects overseas remittances to reach over $12b
FINANCE Nov 29th at 21:38

Vietinbank projects overseas remittances to reach over $12b

Viet Nam's overseas remittances in 2014 are expected to reach US$12.1 billion, making the country one of the top 10 overseas remittance recipents.

Vietinbank slashes deposit rate cap
FINANCE Nov 29th at 21:35

Vietinbank slashes deposit rate cap

Vietinbank slashed the ceiling interest rate for dong deposits, which apply to individuals who take loans for terms less than 36 months, by 0.2 percentage point on...

SBV dollar sale pledge helps exchange rate
FINANCE Nov 28th at 14:00

SBV dollar sale pledge helps exchange rate

The US dollar and Vietnamesedongexchange rate eased further yesterday after the State Bank of Viet Nam (SBV) pledged to sell dollars.

In Vietnam, depositor receives 20 cents for 30-year bank savings
FINANCE Nov 27th at 14:29

In Vietnam, depositor receives 20 cents for 30-year bank savings

A Vietnamese joint stock commercial bank has finally agreed to repay the deposit and interest for a savings book a Ho Chi Minh City customer made back in the 1980s...

Sharp rise in Visa transactions
FINANCE Nov 27th at 14:04

Sharp rise in Visa transactions

Visa's online transactions increased by 52 per cent year-on-year in the nine-month period between September 2013 and June this year, with online shoppers using...

ADB loans $50m for tourism infrastructure
FINANCE Nov 26th at 11:23

ADB loans $50m for tourism infrastructure

The Asian Development Bank (ADB) and the Vietnamese Government yesterday afternoon signed a US$50-million loan agreement to upgrade Viet Nam's tourism...

Officials' response key to tax reform success
FINANCE Nov 26th at 11:11

Officials' response key to tax reform success

It will be difficult to reduce the time required for tax payment to 171 hours annually by 2015, if tax officials don't work towards resolving the difficulties faced...

Soaring dollar lending rescues credit growth
FINANCE Nov 25th at 14:23

Soaring dollar lending rescues credit growth

A fast rise in dollar lending has bolstered banks credit growth and is expected to continue through year-end.

Bad debts set to surge as year draws to a close
FINANCE Nov 25th at 14:21

Bad debts set to surge as year draws to a close

The year’s later months have proven a challenging time for banks, with bad debts rising sharply.

Forex fluctuations normal: experts
FINANCE Nov 25th at 14:10

Forex fluctuations normal: experts

Experts predicted more fluctuations in foreign exchange rates from now till year-end because of higher domestic demand and clarified that this was normal.

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top