TIẾNG VIỆT Vietnam’s biggest bank reports 2019 profit of nearly $461 million
Photo: CafeF
As of end-2019, the Vietnamese lender's total assets reached $62.5 billion, up 13.7% compared to 2018, securing its position as the largest commercial joint stock bank in Vietnam. Bank’s chartered capital was reported at more than $1.73 billion, bank’s leaders told Wednesday conference in Hanoi.
Bank’s total outstanding loans in 2019 reached $47.4 billion, up 12.4% against 2018 while deposit reached $58.3 billion, up 12% from 2018. Lender’s return on asset reached 0.61% and return on equity reached 15.2%, the highest profit figures of this bank so far.
Share value of BIDV on stock market increased by 42.5% compared to the beginning of 2019. The ratio of foreign investors' ownership in the bank increased to 18.03%.
The bank paid dividends for 2017 and 2018 in cash to shareholders with a total value of nearly VND4,800 billion, equivalent to a ratio of 7 % per year.
Source: CafeF
