HÀ NỘI — National Commercial Bank (NCB) in 2016 posted net profit of VNĐ210 billion, increasing 90.9 per cent from the previous year and five times higher than before its restructure in 2013. NCB has announced its business results for 2016, reflecting a high and positive growth rate. By the end of last year, the bank’s total assets were VNĐ69 trillion, a 43 per cent year-on-year increase and 2.5 times higher in comparison with the period before its restructure. Last year, its capital mobilisation rose by 25 per cent to reach VNĐ42.7 trillion, which was 2.3 times higher than that of 2013. In 2016, NCB successfully implemented the change of its core banking system, which is a pre-condition for modernisation.

Source: Viet Nam News February 01, 2017 04:01 UTC