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LENDING & CREDIT | Cesar Tordesillas, Vietnam
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Viet Capital Bank targets 17% credit growth

Viet Capital Bank is targetting a credit growth target of up to 17 percent, according to its business plan for 2012.

 

It expects total outstanding loans at 5.125 trillion dong, equalling to the credit growth of 17 percent from 2011. This expected credit growth level is equal to the credit growth limit of the Group 1, a category for healthy banks, according to the classification of the State Bank of Vietnam.

Viet Capital Bank now has a chartered capital of three trillion dong. Notably, till August 2011, the bank reached this level of chartered capital to ensure the central bank’s current regulation on legal capital.

Together with credit target, Viet Capital Bank also plans to increase its total assets to 28 trillion dong in 2012, up 65 percent on year and pre tax profit of 550 billion dong, up 53 percent on year.

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