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No.01/2016: BIDV affirms its pioneering position in implementing 2011-2015 business plan, laying solid foundation for 2016

Thanh Hoa province, Vietnam, January 9, 2016 – The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) held a meeting to review its business performance in 2015 as well as during the 2011- 2015 period and set plan for 2016.

​Mr. Phan Duc Tu, Chief Executive Officer, said BIDV fulfilled its business plan set for 2015. Specifically, as of 31 December 215, BIDV’s  total assets reached over VND857 trillion, up 25% compared with 2014; Charter capital was over VND34 trillion; Total outstanding loans and investments were over VND799 trillion, up 22% compared with 2014; NPL ratio fell to 1.71%; Retail credit grew 44%, accounting for 22.7% of total loans. Deposits stood at nearly VND793 trillion, up 26%; Profit before tax of the commercial bank alone reached VND7,036 billion, up 16% over the previous year; ROE and ROA were nearly 15% and 0.76%, respectively.

Mr. Tran Bac Ha, BIDV Chairman, affirmed that the bank's growth in the past 5 years is very high and impressive (17% annually). Total assets increased more than 2.1 times; deposits increased 2.5 times, loans increased 2.6 times, retail loans increased approximately 4 times; profit before tax increased 1.7 times. Currently, BIDV has 182 branches and nearly 800 transaction offices across the country, an increase of 63 branches and 284 transaction offices compared with 2011.

During the past 5 years, BIDV has promoted cooperation with domestic and foreign organizations, strengthening international economic integration. BIDV established correspondent relations with over 1,700 big financial institutions in 122 countries. BIDV has commercial presences in 06 countries including Laos, Cambodia, Myanmar, the Czech Republic, Russia, and Taiwan.

BIDV is also at the forefront of implementing social security programs. In the 2010-2015 period, the bank funded over VND2,214 billion for social security programs, locally and abroad, accounting for 18.5% of banking sector's total funding for social security.