RETAIL BANKING | Cesar Tordesillas, Vietnam

ABBank posts pretax profit of $18.6M in Jan-Nov

ABBank reported a pretax profit of VND391.3 billion or $18.6 million in the first eleven months of the year.


It thereby fulfills 78.3% of its full-year target.

At the end of November, ABBank had total assets of VND38.1 trillion, total deposits of VND25 trillion and total outstanding loans of VND18.6 trillion. The bank also posted its bad debt ratio at 2.51%.

ABBank is now among ten biggest joint-stock banks in Vietnam by market capitalization. The bank currently has foreign shareholders such as International Finance Corporation, with 10%; and and Maybank, with 20%.

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