At the end of the fourth quarter of 2024, An Binh Commercial Joint Stock Bank (ABBANK) recorded a 58% increase in pre-tax profit compared to 2023, reaching VND 809 billion.
As of December 31, 2024, ABBANK's scale of operations continues to grow through the following indicators: Total assets reached VND 176,628 billion, up 9% compared to 2023, reaching 104% of the annual plan; Total mobilization reached VND 155,900 billion, up 7.7% compared to 2023, reaching 108% of the annual plan; Total outstanding loans reached VND 154,426 billion, up 14.1% compared to 2023, reaching 110% of the annual plan.
Accordingly, ABBANK's pre-tax profit in 2024 increased by 58% compared to 2023, reaching VND 809 billion, equivalent to completing 81% of the yearly plan.
Along with the portfolio of high-value collateral for loans, ABBANK made provisions of VND 1,387 billion for credit risk provisions, ensuring compliance with regulations on asset quality management. The capital adequacy ratio (CAR) continues to be guaranteed according to the standards of the State Bank.
ABBANK's digital transformation in 2024 also achieved positive results. The successful migration of existing corporate customers to digital channels has contributed to a sharp increase in the number of digital channel transactions of corporate customers at ABBANK, recording over 32% compared to Q3/2024 and an increase of more than 129% compared to 2023. For individual customers' transactions, the number of transactions on digital channels also continued to grow well with an increase of 34% compared to Q3/2024, and more than 66% compared to 2023.
Mr. Pham Duy Hieu - General Director of ABBANK commented: "In 2024, ABBANK will focus on consolidating the foundation, optimizing the apparatus, from operating processes to products and services to better serve existing customers. These efforts have contributed to helping ABBANK strengthen its engagement with existing customers, attract new customers to experience the service, thereby increasing the scale of operations."
Mr. Pham Duy Hieu - General Director of ABBANK commented: "In 2024, ABBANK will focus on consolidating the foundation, optimizing the apparatus, from operating processes to products and services to better serve the existing customer base. Efforts in continuously improving products and services, actively and proactively implementing companion programs, supporting customers in terms of fees and interest rates... have contributed to helping ABBANK strengthen its engagement with existing customers, attract new customers to experience the service, thereby increasing the scale of operations".
Source: ABBANK
Source: https://phunuvietnam.vn/abbank-ghi-nhan-tang-truong-ve-quy-mo-hoat-dong-loi-nhuan-tang-58-so-voi-2023-20250124160540126.htm
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