VIB earns $252 million in nine-month revenue
Vietnam International Bank (VIB) posted a revenue of more than VND5.87 trillion (US$252 million) and a pre-tax profit of VND2.33 trillion ($100 million) in the first nine months of 2019.
The bank’s service revenue accounted for 22 per cent of the total, reaching VND1.27 trillion ($55 million), business results published on Tuesday revealed.
Total assets amounted to nearly VND176 trillion while the bank’s credit outstanding balance reached VND127 trillion.
Non-performing loans decreased to 1.78 per cent as of September 30 from 2.24 per cent at the beginning of this year. Its equity saw a yearly increase 17 per cent to VND12.5 trillion, of which charter capital topped VND9.24 trillion, up 18 per cent year-on-year.
From January to September, the bank had also reported positive retail growth. The two main lending products - mortgages and auto loans - accounted for 80 per cent of total lending portfolio.
The bank expected to maintain its bad debts at below 2 per cent.