Agribank, one of the largest state lenders in Vietnam, reported profits of VND10.350 trillion (nearly US$446.3 million) in the first ten months of 2019, already beating their target of VND10 trillion.
The pre-tax consolidated profits of the Ho Chi Minh City-based Sacombank are expected to hit nearly VND3.2 trillion (US$138.1 million), 20% higher than the figure set out at their shareholders’ meeting. The lender’s total assets are projected to reach VND457 trillion (US$19.7 billion).
VietinBank set its 2019 profits target at VND9.5 trillion (US$409.6 million), the profits of the parent bank at VND9 trillion, while its profits in the first three quarters of the year already topped VND8.4 trillion (US$362.5 million).
Its total assets in 2019 are expected to climbed up by 3.2% from last year to more than VND1.2 quadrillion.
For ABBank, their pre-tax profits already hit VND1.107 trillion (US$47.7 million) in the January-November period, equivalent to nearly 91% of the full-year target of VND1.22 trillion.
VIB’s profits in 2019 are projected to hit VND4 trillion (US$172.4 million), an increase of 5.6 times compared to 2016.
Vietcombank’s leaders have also affirmed repeatedly that it is within reach to surpass their 2019 target.
