CTG - Vietnam Joint Stock Commercial Bank for Industry and Trade

October 04, 2011 |

Total Page: 11 Pages

Format: pdf

Topic: (Banks/Financial Services)

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Vietinbank made Profit After Tax of VND 2,919 bn in 1H2011 or 76% of the full year target, rising 76% yoy. Interest income, which accounted for over 80% Vietinbank’s total income, contributed the most part in the rising net profit. The improvement in credit spread (4%) and NIM (2.46%) in 1H2011 were key drivers for surging interest income as the lender’s loan book rose only 12.6% in the period.

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