trending Market Intelligence /marketintelligence/en/news-insights/trending/mr7fsh1c9jtfwesppbjsmg2 content esgSubNav
In This List

Vietinbank Q4'17 net profit inches up YOY

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Vietinbank Q4'17 net profit inches up YOY

Vietnam Joint Stock Commercial Bank for Industry & Trade, or Vietinbank, reported a 1.0% year-over-year increase in net profit for the quarter ended Dec. 31, 2017.

The Vietnamese bank said Jan. 30 that net profit attributable to shareholders rose to 1.578 trillion Vietnamese dong from 1.562 trillion dong in the prior-year period.

Net interest income jumped to 7.156 trillion dong from 5.101 trillion dong, while net fee and commission income climbed to 572.20 billion dong from 498.98 billion dong. Operating profit for the period went up to 3.655 trillion dong from 2.050 trillion dong.

The bank's allowance and provision expenses for credit losses came in 1.681 trillion dong, up from 81.17 billion dong.

For the 2017 full year, the bank posted a 10.2% year-over-year rise in net profit attributable to shareholders in the aggregate to 7.432 trillion dong from 6.745 trillion dong in the year-ago period.

As of Jan. 30, US$1 was equivalent to 22,707.00 Vietnamese dong.