VietinBank And BIDV Hold 2018 AGM On April 21

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank, coded CTG) has just announced information about 2018 annual general meeting (AGM).

Accordingly, the bank will organise AGM on April 21, 2018. The record date will be on March 26.

At the same time, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) also announced to organise AGM on April 21, 2018. The record date will be on March 21.

Contents for the meeting in both banks are to approve 2017 operation results, and plans for 2018 as well as other contents under the decision of the meeting.

By the end of 2017, Vietinbank’s total assets reached 1,095 trillion dong, up 16 percent from the beginning of the year. The outstanding loans to customers swelled 19 percent, touching 782.385 trillion dong. The capital mobilisation was slower than lending with an increase of 15 percent only, hitting 752.370 trillion dong. The pre-tax profit was more than 9.2 trillion dong, up nine percent from 2016.

Meanwhile, BIDV recorded the total assets of more than 1,200 trillion dong, up 19.4 percent from the beginning of the year. The oustanding loans to customers improved 19 percent to 854.948 trillion dong. Customers’ deposits were slower than the beginning of the year, touching 859.785 trillion dong. The bank attained more than 8.8 trillion dong pre-tax profit, the highest level ever.

 

Category: Finance, Vietnam

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