VOV.VN - Nine commercial banks each recorded trillions of VND in profit during the first half of 2019, making the combined profits of VND33.6 trillion (US$1.44 billion), as stated in their business reports for the reviewed period.

Vietcombank reports the highest profit among
Vietnamese banks during first half of 2019.

Up to 20 commercial banks have to date released their own business reports for the first six months of the year.

Vietcombank recorded the highest profit among Vietnamese banks during the six-month period, with more than VND11.3 trillion (US$485.9 million), an annual rise of 41 per cent.

It was followed by Techcombank with the total profit of VND5.661 trillion (US$243.42 million), up 9 per cent on year.

Following were Military Bank (MB) and Asia Joint Stock Commercial Bank (ACB) followed closely with the respective profits of over VND4.8 trillion (US$206.4 million) and VND3.622 trillion (US$155.74 million).

Vietnam International Bank (VIB) and TPBank made over VND1.820 trillion (US$77.4 million) and VND1.620 trillion (US$68.8 million), both recording an annual growth of 58 per cent.

Meanwhile, Sacombank stood at the eighth position with the total profit reaching VND1.461 trillion (US$62.82 million), increasing sharply 46 per cent on year and beating the projected figure.

LienVietPostBank saw its six-month profit leapfrog by 81 per cent to reach VND1.117 trillion (US$48.03 million).

These nine banks all reported strong growth in terms of total revenues and net profits from their lending and services. They also managed to navigate the bad debt ratio below 2 per cent during the reviewed period.