Agribank's 2021 pretax profit seen at VND14 trillion, up 6%

Khanh Minh Friday | 01/07/2022 15:57


Bank for Agriculture and Rural Development estimated 2021 pretax profit at more than VND14,000 billion ($618 million), an increase of 6% from a year earlier.

The Vietnamese lender has completed all the business target in 2021 despite the unfavourable economic situation, Chairman Pham Duc An said in a letter to customers, partners, officials and employees.

By the end of 2021, Agribank's total assets reached VND1,680 trillion, up 7.3% compared to the beginning of the year. Deposit reached over VND1,580 trillion, up 7.5% while lending increased 8.5% to VND1,310 trillion.

In 2021, Agribank also reduced interest rates, payment service fees to support customers to overcome difficulties caused by the COVID-19 pandemic and social security activities in education, healthcare, and defense support, with total value up to VND7,000 billion.

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