Archive for September, 2015

Slow credit growth may hurt profits of banks

Posted September 29, 2015 By stoccato
Although banks have achieved more than half of their pre-tax profit target set for 2010, however many banks are now much worried about slow credit growth, which may affect their profits.
Chair of the Foreign Trade BPN, said that at the end of August 2015, it earned a pre-tax profit of 3 trillion dong, after setting up a prevention of risks. Its pre-tax profit target for this year was set at 4.5 trillion dong, according to Binh, the bank is likely to achieve this goal. But if compared with the pre-tax profit levels achieved last year at approximately 5 trillion dong, then its profit plans for this year was rather modest.

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