BIDV recently reported its business performance for the first nine months of 2015. BIDV was the leading bank amongst commercial banks in terms of total consolidated assets, standing at VND786 trillion (USD35.5 billion), a 20 percent increase against the end of 2014. Outstanding loans reached VND570 trillion (USD25.5 billion), up 15 percent and the highest in the entire banking sector.

 

​Credit growth was significant, focusing on priority sectors in accordance with the direction of the Government and the State Bank. Credit market share reached 12.9 percent, up 1.3 percent compared with 2014. Deposits grew well and sustainably with deposits mobilised from market one reaching nearly VND625 trillion (USD28 billion), up 21 percent in the year to date.

BIDV led the market in net service income with a growth of 26 percent against the same period. The service income was less dependent on credit operations but focused on services with technological content, for example payments, cards and e-banking.

In the first three quarters of 2015, BIDV maintained stable business growth with profit before tax reaching VND5,535 billion (USD248 million), an increase of nearly 25 percent over the same period last year, with provisions satisfying regulations. Operational safety indicators were ensured with NPL ratio of below 2 percent. BIDV’s outlook was stable as assessed by the international credit rating firms Moody's and S&P, and BIDV was confirmed to be among the banks with the highest credit rating in Vietnam.

With continuous innovation, comprehensive and synchronous structuring of operations, professional management and heading the trend, BIDV has become the leading commercial bank in Vietnam, progressively shaping the position of a large financial institution in the region.

BIDV also played a proactive and pioneering role in supporting the innovation of the country’s economy. BIDV strengthened cooperation with international organisations, holding bilateral meetings with 14 international partners at its twentieth anniversary of integration into the global financial market, and signed MOUs with Cathay United Bank (CUB) and ANZ Vietnam.

In November 2015, BIDV is holding events in the Russian Federation including Vietnam - Russia Business Forum to boost trade cooperation and bilateral payments; Vietnamese goods fair in Russia, Vietnam Conference on global Vietnamese entrepreuners; in Japan with Forum on promoting tourism and investment connections between Gifu province (Japan) and the provinces of Nghe An, Quang Binh; and in Taiwan with the opening of BIDV representative office in Taipei and Vietnam – Taiwan business forum.

For further information, please contact:

Branding and Public Relations

Bank for Investment and Development of Vietnam JSC

Tel: (+84)4. 22205256; Fax: (+84)4. 22225316