Bidv gains nearly 1.2tr dong after tax profit in two months

Bank for Investment and Development of Vietnam (Bidv) has recently announced its fiscal statement in the second quarter of 2012 (from May 1 to June 30) with net interest income of 2.667 trillion dong, accounting for 80 percent of the bank’s total income.

Spending 952 billion dong on operating costs and 912 billion dong on credit risk provision fund, Bidv had 1.586 trillion dong pre tax profit and after tax profit at 1.196 trillion dong.

Cumulatively, in the first six months of this year, the lender posted 1.581 trillion dong after tax profit, rising 34 percent from the same period last year. Thus, the bank’s profit in May and June accounted for 76 percent of the total profit in H1/2012.

Till June 30, Bidv’s bad debt ratio was 2.5%, loans to customers were 323.117 trillion dong. According to the additional report, Bidv’s credit growth in Jan-Jun was 10.75%

bidv

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