ABBANK reports $36.97 million profit in first nine months
23-10-2019 14:01:28+07:00
ABBANK reports $36.97 million profit in first nine months
An Binh Commercial Joint Stock Bank has reported a pre-tax profit of VND856 billion (US$36.97 million) for the first nine months of the year, a 30 per cent increase over the same period last year.Earnings from interest were worth VND1.82 trillion ($78.6 million), an increase of 17 per cent.
Its net profit from services was worth VND117 billion.
Non-performing loans continued to be under 3 per cent in accordance with State Bank of Vietnam regulations.
It had deposits of over VND67.65 trillion ($2.9 billion) at the end of September and loans outstanding of more than VND52.35 trillion ($2.2 billion), up 13 per cent and 15 per cent from a year earlier.
Its return on assets was 1.3 per cent and return on equity was 16.2 per cent. Its capital adequacy ratio was 11.1 per cent.
