Vietinbank reports 318.6 million USD in pre-tax profit
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reported it earned over 7.23 trillion VND (318.6 million USD) in pre-tax profit in the first nine months of 2017, up 11.5 percent year-on-year. The figure is equal to 82.2 percent of VietinBank’s target set for the whole year.
Hanoi (VNA) - The Vietnam Joint StockCommercial Bank for Industry and Trade (VietinBank) has reported it earnedover 7.23 trillion VND (318.6 million USD) in pre-tax profit in the first ninemonths of 2017, up 11.5 percent year-on-year.
The figure is equal to 82.2 percent of VietinBank’s targetset for the whole year.
In the reviewed period, the bank’s post-tax profit exceeded 5.87trillion VND (258.7 million USD), up over 13 percent compared to the sameperiod last year.
By the end of September, VietinBank’s totalassets were valued at over 1,062 trillion VND (nearly 46.8 billion USD), anincrease of 12 percent compared to the figure at the end of 2016.
Its outstanding credit increased by 14.4 percent from theyear’s beginning, higher than the banking sector’s growth rate.
The bank’s operating revenue in the January-September periodrose 18.7 percent year-on-year to 23.9 trillion VND (10.5 billion USD).-VNA
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A branch of VietinBank (Photo: VietinBank) 
