Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has announced its audited financial report for 2024, showing a total pre-tax profit of over 20 trillion VND, an increase of over 85% compared to 2023. The parent bank recorded a profit of 18.3 trillion VND, up 36%. Consolidated loans reached nearly 710 trillion VND, and total assets approached 920 trillion VND, a 13% increase. VPBank generated nearly 5.6 trillion VND from debt recovery, 2.3 times higher than the previous year, maintaining a bad debt ratio below 3%. However, the remuneration for executives remains unchanged, with the Board of Directors receiving 10.8 billion VND, while the Supervisory Board saw a slight increase to 6.4 billion VND. The year 2024 marks a significant milestone for VPBank as it officially receives the mandatory transfer of GPBank and continues its sustainable development strategy with an aim to raise 735 million USD in green capital from international institutions.
Leave a Reply