The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has released its financial report for the second quarter of 2023 with stable, safe and effective results.

By the end of the second quarter of 2023, BIDV achieved positive business results, reflected in many aspects, particularly:

Total consolidated assets reached over VND2.12 quadrillion, continuing to maintain the position of the largest commercial bank by total assets in the market.

Mobilized capital fully met the needs of capital use, ensuring the system liquidity. As of 30 June 2023, customer deposits and issued valuable papers reached over VND1.7 quadrillion, up 4.36% compared to the beginning of the year. Good deposit growth was in the retail segment, contributing to increasing the stability of the capital base.

Credit activities recorded a quite high increase compared to the average of the banking industry, increasing by 6.93% year to date. Customer loans reached nearly VND1.63 quadrillion, up 7.02% compared to the beginning of the year.

Credit quality is controlled within the target. The non-performing loan ratio according to Circular 11/2021/TT-NHNN was controlled according to the direction (target: ≤ 1.4%). BIDV has made full provision for risks according to debt classification. Safety criteria are guaranteed according to regulations.

Business performance was positive in the first half: Consolidated difference between revenue and expenditure reached VND23,582 billion. Consolidated pre-tax profit was VND13,862 billion, up 26 year on year.

Given the inevitable trend of long-term sustainable development, as a leading financial institution in supporting the country's economic development, BIDV has pursued the goal of becoming a "green bank" in its business strategy for the period of 2021-2025 and a vision to 2030.

BIDV has comprehensively and effectively implemented solutions to realize this goal. The bank was the first joint stock commercial bank in Vietnam to launch the "Sustainable Loan Framework", which created a foundation for providing customers with sustainable financial products according to international standards. BIDV leads the market in green financing. As of 30 June 2023, BIDV had financed 1,776 projects, with a total loans of VND66,176 billion, accounting for 4.1% of BIDV's total loans and 13% of total outstanding loans to the green sector of the entire economy. BIDV also actively joined seminars to promote sustainable development.