Eximbank’s Capital Ups 32%

Viet Nam’s Export Import Commercial Joint Stock Bank (Eximbank) has an average yearly growth of 36% for its working capital. 

The bank's total capital is now at more than VND15, 029 billion (about US$939 million), increasing 32 percent in comparison with the beginning of the year.

The mobilizing capital has reached over VND11, 500 billion (about US$718 million); outstanding loans more than VND8, 200 billion (about US$512 million) and overdue loans less than 2 percent of the total outstanding loans, lower than the State bank’s prescribed rate of 5 percent.

In the first three quarters of the year, Eximbank earned a before-tax profit of more than VND275 billion, and has recently completed raising its chartered capital from VND815.31 billion to VND1,206.45 billion, becoming the third largest bank after Saigon Commercial Joint Stock Bank (Sacombank) and Southernbank.

By Y.T – Translated by Kim Khanh

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