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Banking & Finance

Viet Capital Bank releases 2014 figures

Released at: 11:03, 11/04/2015

Viet Capital Bank releases 2014 figures

The bank has outlined a plethora of key numbers from the last calendar year.

Viet Capital Bank has released its 2014 performance after audit. As of December 31, 2014, its total assets reached VND25.78 trillion ($1.19 billion), an increase of 12 per cent compared to 2014. Capital mobilization was at VND22.15 trillion ($1.02 billion), up 13 per cent on 2013, with mobilization from clients hitting VND14.71 trillion ($680.92 million), up 22 per cent.

Total credit outstanding was nearly VND15 trillion ($694.35 million), an increase of 40 per cent from 2014. The bank’s Capital Adequacy Ratio (CAR) was over 14 per cent, higher than the requirement of the State Bank of Vietnam (SBV). Net profit margin reached VND525 billion ($24.30 million), up 9.6 per cent from 2013. Net profit from trading currency reached over VND21 billion ($972,090), almost double 2013. Profit from trading stock and investment was almost 6 times higher, reaching VND99 billion ($4.58 million). Other bank activity brought over VND89 billion ($4.11 million), increasing 9 per cent.

Total revenue before set risk provision reached VND246 billion ($11.38 million). The bank set its risk provision lower than 2013 because bank profit before tax reached VND207 billion ($9.58 million), up 53 per cent and higher than the plan set at the beginning of the year of 4 per cent. Profit after tax reached VND162 billion ($7.49 million), an increase of 57.3 per cent.

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