Tuesday , October 3 2023

Eximbank profits triple in Q3

Lender Eximbank has more than tripled profits year-on-year for the third quarter to over VND1.278 ($51.5 million).

Its net interest income doubled, and non-interest income from sources such as services and foreign exchange business grew in double digits.

Its profits of for the first nine months topped VND3.18 trillion, an increase of 3.3 times and well above the target of VND2.5 trillion.

The bank estimates its pre-tax profits for the full year at VND3.5 trillion and targets VND5 trillion next year.

It also eyes total assets of VND210 trillion for next year, up 14%, and an on balance sheet bad debt ratio of 1.6% or less, down from 1.7% or less estimated for this year.

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