BIDV targets 18% growth

The Bank for Investment and Development of Viet Nam (BIDV) has officially revealed its business plan at the first shareholders' meeting last Thursday.

This year, the bank has targeted 18 per cent growth in total deposits. The total outstanding loans are expected to increase by 17 per cent and the pre-tax profit to increase by 36 per cent compared with 2011. Accordingly, bad debts are estimated to remain below 2.8 per cent and the return on equity to reach 17 per cent.

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