Bao Viet Commercial Joint Stock Bank (BaoVietBank) has recently released some basic information related to its business activities in the first six months of 2019 (H1).
Accordingly, credit activities still play a key role when bringing the bank a profit of nearly 400 billion dong in the first six months of the year, up by 49 percent over the same period of last year.
Meanwhile, the net profit from services also rose up by 53 percent compared to the same period of last year, reaching more than 43 billion dong.
By the end of June 2019, BaoVietBank’s total assets reached 52.159 trillion dong, customer deposits were 32.275 trillion dong, and lending to customers reached 24.980 trillion dong. The bank’s bad debt ratio is above three percent.
By the end of the first quarter of 2019, BaoVietBank had three major shareholders holding over five percent of the bank’s charter capital, including BaoViet Group (49.52 percent), Vietnam Dairy Products Joint Stock Company (Vinamilk, 14.03 percent), CMC Technology Group (10.3 percent).
In addition, there is another organisation also holding a significant amount of BaoVietBank’s shares, which is HIPT Group Joint Stock Company with 2.29 percent of charter capital.
