Kienlongbank summarized its 2018 business operations and implemented its 2019 business plan

(01/14/2019)

In 2018, thanks to endless effort in diversifying products and services as well as increase in quality and performance, the business operations of Kienlong Commercial Joint Stock Bank (Kienlongbank) had prospered and developed, in comparison to those in 2017, with high rate of business goals completed.


Picture of the conference in HCMC 

From 10th January 2019 to 12th January 2019, Kienlongbank held a conference on 2018 business operation summary and 2019 business plan implementation with the attendance of the Board of Management and all Directors of the Headquarter Departments/Divisions/Centers and 134 Branches/Transaction Offices in the whole system.


Ms. Tran Tuan Anh – Member of the BOD, General Director of Kienlongbank made her opening speech  

 In accordance with the Bank’s income statement, in the end of 2018, business goals had shown an improvement, in comparison with those in 2017. Specifically, total asset reached VND 42,330 billion, increasing by 13.40%; total capital mobilization was VND 37,499 billion, increasing by 13.11%; credit outstanding balance reached VND 29,472 billion, increasing by 19.39%; profit before tax was VND 300.05 billion, increasing by 18.98%; 0.86% of bad debts were controlled; Safety indices of operation were applied as determined by The State Bank of Vietnam, new products and services as well as promotion programs for customers were carried out effectively, staffs and employees’ life had been improved continuously. In addition, Kienlongbank raised its charter from VND 3,000 billion to VND 3,237 billion, the Bank’s financial competence had been increased day by day.


Mr. Le Khac Gia Bao – Chairman of Kienlongbank’s Board of Directors delivered a speech on 2019 business plan in the Conference 

In 2018, Kienlongbank continued expanding its operational network with 17 Branches/Transaction Offices. In the end of the year, Kienlongbank had owned 134 transaction points in 28 provinces and cities. In 2018, Kienlongbank continued promoting the cooperation and development of products, services, and amenities such as issuing Kienlongbank JCB Credit Card, entering into a cooperative agreement with KPMG Tax and Advisory Co., Ltd. on consulting about variance analysis under Circular No. 13/2018/TT-NHNN and Circular No. 41/2016/TT-NHNN, etc.

 


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