NCB targets $7.65m net operating profit in 2016

The National Citizen Bank (NCB) is targeting a net profit of VNĐ171.6 billion (US$7.65 million) this year.

As of December 31, 2015, the bank's total assets reached VNĐ48 trillion, seven per cent higher than the year's target and 31 per cent higher than 2014.

NCB's revenue from service and guarantee fees in 2015 increased 129 per cent compared with 2014, net operating profit in 2015 touched VNĐ111 billion, 88 per cent higher than the previous year, and non- performing loan ratio was controlled at 2.15 per cent.

The bank is targeting total assets worth VNĐ61.12 trillion in 2016.

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