vpbank reports strong growth and strategic partnerships in third quarter results

VPBank has demonstrated strong financial performance in 2023, with commendable liquidity ratios and a consolidated capital adequacy ratio of 15.7%. The bank's strategic focus on optimizing opportunities and leveraging strengths has positioned it well in Vietnam's evolving banking landscape.

Flagship Branch in Ho Chi Minh City

VPBank has opened its first flagship branch in Ho Chi Minh City, emphasizing digitalization and aiming to enhance customer experience.

The bank's commitment to debt management and sustainable growth is evident in its proactive debt collection activities and asset quality control.

Strategic Partnerships

VPBank has formed strategic partnerships with SMBC, Lotte C&F Vietnam, and BYD in Vietnam, allowing it to tap into the growing FDI segment and support the demand for electric vehicles.

The bank's diverse loan portfolio caters to various segments of the economy, and the bank has implemented initiatives to support economic recovery, including reducing lending rates and signing a loan agreement with JBIC for renewable energy and power transmission projects in Vietnam.

Impressive Financial Performance

VPBank reported impressive profit growth and operational efficiency, with a consolidated pre-tax profit increase of over 67% in the first nine months of 2023.

The bank's commitment to debt management and sustainable growth is evident in its proactive debt collection activities and asset quality control.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings