VIB 9-month profit before tax rises 176% YoY to VND 1,720 billion, Retail revenue increases 92% YoY

VIB 9-month profit before tax rises 176% YoY to VND 1,720 billion, Retail revenue increases 92% YoY

VIB 9-month profit before tax rises 176% YoY to VND 1,720 billion, Retail revenue increases 92% YoY

Vietnam International Bank (UPCoM: VIB) announced its financial statements of the first 9 months 2018 with positive results. Profit before tax grows 176% VIB reported profit before tax of VND 1,720 billion, up 176% year-on-year (YoY), equal to 86% of its full year target. The revenue increased by 48% YoY, in which interest income and non-interest income up 50% and 37% respectively; the latter accounted for 16% of total revenue and continued upward trend. The cost-to-income ratio (CIR) sign...