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Banking & Finance

Viet Capital Bank exceeds first-half plans

Released at: 20:35, 20/07/2015

Viet Capital Bank exceeds first-half plans

Bank's indicators meet or exceed targets set for the first six months.

by Quynh Nguyen

Viet Capital Bank has released its business results for the first half, with most targets being completed or exceeded.

Total assets stood at nearly VND28 trillion ($920 million), representing 87 per cent of the plan. Total deposits reached VND24.1 trillion ($1.1 billion), up 22 per cent over the same period of last year and accounting for 93 per cent of the plan, while outstanding loans reached 79 per cent of the plan and its NPL ratio was kept at below the level prescribed by the State Bank of Vietnam. Viet Capital Bank has gradually asserted a sustainable position in the market, winning the trust of shareholders, partners and customers.

For the second half the bank will continue its steadfast efforts at the direction of its board. It will not set growth targets but will continue to focus on fulfilling the criteria already set out, controlling risks and bad debts and improving is customer services.

Established in 1992, Viet Capital Bank has gone through several stages of development, with 2012 -2014 being a key stage marked by many vigorous moves. With a long-term vision and the right business strategy, it has gradually earned a firm position in the market by investing in information technology systems, constantly innovating its business activities, and providing a range of products and services to meet the needs of each customer segment.

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