VnExpress International
The most read Vietnamese newspaper
Vietnamese Edition
| Contact us | Follow us on       
Business DataSpeaks Property Billionaires Companies Markets Economy Money Quiz
reddit Share via X Print

BIDV profit surges 85 pct

By Dat Nguyen   July 31, 2021 | 03:56 pm PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
BIDV profit surges 85 pct
The BIDV logo seen on a building in Hanoi. Photo by Shutterstock/TK Kurikawa.
State-owned lender BIDV saw pre-tax profit in the first half surging 85 percent year-on-year to VND8.1 trillion ($351.93 million).

The figure put the bank in fifth place among lenders to have posted their financial earnings as of July 31, behind Vietcombank, Techcombank, VietinBank and VPBank.

BIDV’s income rose 43 percent to over VND31.66 trillion.

Provision for bad debts surged nearly 90 percent to VND15.4 trillion.

Its bad debt ratio fell from 1.76 percent in the beginning of the year to 1.63 percent.

Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
 
 
go to top