TIẾNG VIỆT Techcombank reports credit growth at 28% after 9 months
Xuan Thinh
Friday | 10/25/2019 11:11
Photo: cafeF
Techcombank reported third quarter after-tax profit at $110.6 million from $85.8 million of the same period of last year.
In the 9-month period, Vietnam Technological and Commercial Joint Stock Bank (HoSE: TCB) recorded after-tax profit of $304.5 million, up 13% compared to the same period last year, equivalent to 83% of the 2019 plan.
Remarkably, the lender’s bank credit increased by 28% to $8.87 billion while the credit target for the year was only 17%. Previously, after 6 months, bank’s credit growth was 16%.
In 2019, the bank aims to increase the credit by 13%, or higher than the target allowed by the central bank. Later, the ratio was expanded to 17%.
As of end-September, customers’ deposit was recorded at $9.4 billion, up nearly 9%. Total assets stood at $15.8 billion, up 15% compared to the beginning of the year.
