Vietinbank's profit rises 10.3%

Vietinbank on Monday reported a profit of VND4.273 trillion (US$190.75 million) in the first half of the year, up 10.3 per cent against the same period last year.

Vietinbank General Director Le Duc Tho said the bank's total assets also increased nine per cent to reach VND850 trillion by the end of June.

In the January-June period, the bank mobilised VND780 trillion, up 9.6 per cent, while its outstanding loans were worth VND729 trillion, up 7.7 per cent.

The bank's return on assets (ROA) and return on equity (ROE) by the end of June were 1.1 per cent and 11.5 per cent, against one per cent and 10.3 per cent, respectively, in the same period last year.

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