Vietinbank eyes 16.8 trillion VND in pre-tax profit
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-tax profit this year, the bank’s annual general meeting on April 16 heard.
Hanoi(VNA) – Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank)has set a goal of posting 16.8 trillion VND (728.1 million USD) in pre-taxprofit this year, the bank’s annual general meeting on April 16 heard.
The figure representsa slight annual increase against the 16.45 trillion VND in pre-tax profitrecorded last year.
Vietinbank alsoaims at achieving asset and credit growth of 6-10 percent and a maximum of 7.5percent, respectively. Its bad loan ratio is expected to be kept under 1.5percent.
VietinBankChairman Le Duc Tho said the bank will continue to work towards recording higherbusiness growth, dramatically improving quality and efficiency, expanding thescale of operations, implementing appropriate credit growth solutions, andeffectively balancing capital sources.
It will alsopromote credit activities in green and environmental protection fields, headded.
Tho emphasisedthat the bank will further its implementation of solutions to support customersaffected by natural disasters and pandemics, especially COVID-19, in line withdirections from the Government and the State Bank of Vietnam./.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) planned to increase its chartered capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies to complete the legal procedures for implementation.
The central bank has applied a number of measures to help enterprises access banks’ credits and combine the sources with their own capital to continue their production and business.
The Vietnam Joint Stock Commerical Bank for Industry and Trade (VietinBank) reported pre-tax profit of 16.45 trillion VND (712.4 million USD) and a bad debt ratio of under 1 percent for 2020.
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At the event (Photo: VNA) 
