Several Vietnamese banks have forecast that their full-year profits for 2019 will surpass the targets they set out at the start of the year, reported the Voice of Vietnam.
Agribank, one of the largest state lenders in Vietnam, reported profits of VND10.350 trillion (nearly $446.3 million) in the first ten months of 2019, already beating their target of VND10 trillion.
The pre-tax consolidated profits of the HCM City-based Sacombank are expected to hit nearly VND3.2 trillion (US$138.1 million), 20 percent higher than the figure set out at their shareholders’ meeting. The lender’s total assets are projected to reach VND457 trillion (US$19.7 billion).
VietinBank set its 2019 profits target at VND9.5 trillion (US$409.6 million), the profits of the parent bank at VND9 trillion, while its profits in the first three quarters of the year already topped VND8.4 trillion (US$362.5 million).
Its total assets in 2019 are expected to climbed up by 3.2 percent from last year to more than VND1.2 quadrillion.
For ABBank, their pre-tax profits already hit VND1.107 trillion (US$47.7 million) in the January-November period, equivalent to nearly 91 percent of the full-year target of VND1.22 trillion.
VIB’s profits in 2019 are projected to hit VND4 trillion (US$172.4 million), an increase of 5.6 times compared to 2016.
Vietcombank’s leaders have also affirmed repeatedly that it is within reach to surpass their 2019 target.
