Indovina Bank is allowed to make its credit growth to 17% for the year 2012

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VnEconomy English - 71 month(s) ago 20 readings 1 duplicate news

According to instruction no.729/NHNN-CSTT dated 16 February 2012, State Bank of Viet Nam has allowed Indovina Bank to plan its credit growth up to 17% this year.

This is the highest caps which are allowed for healthiest group of banks amongst four groups as classified by State Bank of Vietnam.

Since its establishment in 1990 till now Indovina Bank always maintains its safe and sustainable growth and is always in top of most effective foreign invested banks in Vietnam.

As end of year 2011, the bank’s registered capital was USD165 Million (or 3.436 thousand billion dongs), total assets reached USD1.159 Billion (or 24.143 thousand billion dongs), income before tax was at USD27.012 million (563 billion dongs). CAR ratio of the bank was 25% and NPL was as low as 1.62%.

Indovina Bank is one of the first bank that operated in Vietnam since the country opened its economy the world. Two shareholder of the joint-venture are Vietinbank and Cathay United Bank (belongs to Cathay Financial Group) from Taiwan.

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