VietinBank reported a pre-tax profit of VND5,822 billion in the first quarter of the year
Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has just announced its financial statements for the first quarter of 2022 with net interest income of VND 10,145 billion. This is the sixth consecutive quarter of VietinBank’s net interest income fluctuating around VND 10,000 billion per quarter.
In terms of profit, Vietinbank reported a pre-tax profit of VND5,822 billion, up from the previous three quarters but down 28% over the same period.
As of March 31, 2022, VietinBank recorded total assets of VND 1,664 million, an increase of VND 132 trillion compared to the beginning of the year (+8.6%).
VietinBank’s capital mobilization reached VND 1,213 million, up 4.37% while customer loans reached VND 1,230 million, up 8.75%. Bad debt was VND 15,322 billion, an increase of more than VND 1,000 billion compared to the beginning of the year, but the ratio of bad debt to total customer loans decreased from 1.26% to 1.25%.
In 2022, VietinBank aims to grow its total assets by 5-10%. Credit balance will grow as approved by the State Bank. The bank also plans to increase its individual pre-tax profit by 15% and adjust it according to the approval of the State Bank. If increased by 15% as planned, VietinBank’s individual profit in 2022 will reach nearly VND 19,400 billion.
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at Blogtuan.info – Source: cafebiz.vn – Read the original article here
