Significant increases seen in total assets and total profit.
The Vietnam Prosperity Bank (VPBank) released its 2014 financial report on March 6. Total assets were VND163.24 trillion ($7.76 billion) as at December 31, 2014, an increase of VND41.97 trillion ($1.99 billion) and 34.6 per cent compared to 2013.
The bank also recorded a significant increase in profit, to VND1.6 trillion ($76.19 million) pre-tax and VND1.25 trillion ($59.52 million) after-tax, growing 19 per cent and 23 per cent, respectively.
ROA was 0.88 per cent and ROE 15 per cent in 2014.
Total provisions were VND979 billion ($46.61 million), while non-performing loans (NPLs) were at 2.54 per cent.
Customer deposits increased 29 per cent and the bank, for the first time, exceeded VND100 trillion in deposits, of VND108.35 trillion ($5.15 billion), an increase of VND24.51 trillion ($1.16 billion) compared to 2013.
VPBank previously sent official documents to the State Securities Commission regarding raising its charter capital in 2015, by a maximum of 15 per cent.
- financial report