LienVietPostBank aims for high profit this year

Source: Pano feed

Thao Nguyen

The bank’s other targets include total assets of VND135 trillion, chartered capital of VND9 trillion and outstanding loans of VND82 trillion. It expects to mobilize VND115 trillion and pay a 2015 dividend for shareholders at 8%.

The targets are higher than what the bank achieved last year. Shareholders received a 2014 dividend of 6%, well below the 10% target.

Nguyen Duc Huong, vice chairman of LienVietPostBank, told the meeting that the bank’s pre-tax profit of VND535 billion last year was VND109 billion lower than in the previous year as it spent more on its network expansion, risk provisions and technology.

Pham Doan Son, general director of LienVietPostBank, said lending exceeded VND50.07 trillion last year and the ratio of overdue debt to outstanding loans stood at 1.23%. Revenue from foreign currency trading on the inter-bank market increased nearly 40% in 2014 against 2013. Turnover from foreign currency transactions between LienVietPostBank and the central bank totaled over US$1.5 billion.

Huong said the bank would set aside VND20-22 trillion to lend to macadamia growers in Vietnam.

Him Lam Joint Stock Company is currently the biggest shareholder of LienVietPostBank with a 15% stake.

Đăng ký: VietNam News