January 11, 2019 / 7:36 AM / in 4 months

Vietnam's Vietcombank 2018 pre-tax profit up 62 pct at $791.3 million - govt

HANOI, Jan 11 (Reuters) - The Joint Stock Commercial Bank for Foreign Trade of Vietnam posted a pre-tax profit of 18.36 trillion dong ($791.3 million) in 2018, up 62 percent from a year earlier, the government said on Friday.

The lender, better known as Vietcombank, is the largest listed bank in the Southeast Asian country and is targeting a 12 percent growth in pre-tax profit this year, the government said in a statement.

It said bad debts now account for 0.97 percent of Vietcombank’s total lending.

Vietcombank said on Wednesday it raised $265 million selling new shares to Singapore’s state investor GIC Pte Ltd and Japan’s Mizuho Bank Ltd. (Reporting by Khanh Vu; editing by Christian Schmollinger)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below