Deputy general director of Vietcombank Nguyen Thu Ha attributed her bank's low bad debt ratio to a careful credit policy and the timely control of loans and strict lending policies.
By June 2012, the bank's total assets are estimated to reach more than VND329 trillion ($15.6 billion) or an increase of 6.5 per cent against the same period last year.
Of this figure, capital mobilised from the entire economy, estimated to reach more than VND260 trillion ($12.3 billion), rose 7.5 per cent compared to late last year. Capital mobilised from the people is estimated to stand at VND137 trillion ($6.5 billion), or a year-on-year increase of 12.2 per cent.
The bank reports said in the first half this year, it has disbursed more than VND2 trillion ($95 million) to assist businesses to make a temporary reserve of paddy and rice for winter-spring crops and stabilise commodities for export.
Vietcombank has provided preferential loans worth VND9 trillion ($428 million) and $269 million to businesses involved in the processing and export sectors.
Currently, the bank's lending interest rate has decreased to a low rate of 12 per cent while outstanding credit debt by the end of June is estimated to reach VND215 trillion ($10.2 billion), or an increase of 3.6 per cent against late last year. The lowest lending rate earlier in February was 14.5 per cent.
By the end of this month, the bank pre-tax profit is estimated to reach VND2.6 trillion ($123.8 million) or 15 per cent lower than the same period last year.
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