Illustrative image (Source: cafef.vn)
Hanoi (VNA) – The National Citizen Joint Stock Commercial Bank (NCB) has set to raise total value of its asset to 95 trillion VND (4.18 billionUSD) in 2017, up nearly 40 percent fromlast year, heard a shareholders meeting on April 27.
The bank’s net revenue is expected to hit 350 billion VND (15.4 million USD),up 60 percent against the last year, the bad debt rate is kept at below 3percent.
This year, NCB will focus on improving its business model, enhancing risk managementcapacity, and expanding customer and partner ecosystems.
It will select foreign strategic shareholders among its partners, which areinterested in adding 3 trillion VND more to NCB’s charter capital.
Last year, NCB started a development strategy for the 2016-2020 period and madeimpressive performance.
The State Bank has approved NCB’s plan to open six more transaction points.
NCB’s report shows that the bank’s total asset was valued at 70 trillion VND(3.08 billion USD) in 2016, registered growth of 43 percent against 2015.
Capital mobilisation and lending recorded high growth, hitting over 18,467billion VND (812.5 million USD) and 8,937 billion VND (393.2 million USD),respectively.
The bank’s 2016 revenue reached 211 billion VND (over 9.28 million USD), 91percent high than 2015. The quality of balance sheet has been improved and therate of bad debt stood at below 3 percent.
NCB, established in 1995, started off as a bankfor the agricultural sector before transforming into a commercial bank in 2014.
It was named the “Most Innovative Retail BankVietnam 2015” and “Most Innovative Bank for Enterprise Culture Vietnam 2015” bythe UK-based Global Banking and Finance Review.-VNA
The bank’s net revenue is expected to hit 350 billion VND (15.4 million USD),up 60 percent against the last year, the bad debt rate is kept at below 3percent.
This year, NCB will focus on improving its business model, enhancing risk managementcapacity, and expanding customer and partner ecosystems.
It will select foreign strategic shareholders among its partners, which areinterested in adding 3 trillion VND more to NCB’s charter capital.
Last year, NCB started a development strategy for the 2016-2020 period and madeimpressive performance.
The State Bank has approved NCB’s plan to open six more transaction points.
NCB’s report shows that the bank’s total asset was valued at 70 trillion VND(3.08 billion USD) in 2016, registered growth of 43 percent against 2015.
Capital mobilisation and lending recorded high growth, hitting over 18,467billion VND (812.5 million USD) and 8,937 billion VND (393.2 million USD),respectively.
The bank’s 2016 revenue reached 211 billion VND (over 9.28 million USD), 91percent high than 2015. The quality of balance sheet has been improved and therate of bad debt stood at below 3 percent.
NCB, established in 1995, started off as a bankfor the agricultural sector before transforming into a commercial bank in 2014.
It was named the “Most Innovative Retail BankVietnam 2015” and “Most Innovative Bank for Enterprise Culture Vietnam 2015” bythe UK-based Global Banking and Finance Review.-VNA
VNA
