BIDV's assets 85 times higher than in 1995
BIDV's assets 85 times higher than in 1995
The Bank for Investment and Development of Viet Nam's (BIDV) total assets rose 85 times from VND8.7 trillion (US$399 million) in 1995 to VND730 trillion ($33.4 billion) in 2015.
This dramatic increase in assets made it one of the largest banks in Viet Nam.
Figures released at a conference on BIDV, "20 years of changes in commercial banks: Development and Integration," held in Ha Noi over the weekend, showed that the bank's mobilised capital increased 337 times from VND1.7 trillion ($77.9 million) to VND574 trillion ($26.3 billion); its credit rose 100 times from VND5.3 trillion ($243 million) to VND535 trillion ($24.5 billion), while its charter capital jumped from VND247 billion ($11.3 million) to VND31.4 trillion ($1.4 billion).
The bank's pre-tax profit also rose from VND221 billion ($10.1 million) to VND6 trillion ($275.2 million) after 20 years of transition into the commercial bank model.
By the end of 2014, the bank posted a high growth rate with return on equity of 14.4 per cent, return on assets of 0.8 per cent and a Capital Adequacy Ratio of more than 9 per cent.
It has contributed VND12 trillion ($550.46 million) to the State budget so far.
