Implementing the operational orientation of the Government and the State Bank of Vietnam (SBV), BAOVIET Bank has implemented many measures to reduce costs, support reducing lending interest rates to facilitate access to capital for people and businesses. In 2024, the bank recorded total assets of more than VND80,600 billion, up 7.06% over the end of the previous year. Outstanding credit reached VND54,580 billion, completing the credit growth target assigned by the SBV.
Capital mobilization from economic and residential organizations reached VND59,400 billion, up 8.66% over the same period. Total operating income increased by 13.2% compared to 2023. Pre-tax profit reached nearly VND86 billion, bad debt ratio was at 2.84%.
During the year, BAOVIET Bank continued to research the market, implementing credit product packages according to the customer segment. Some loan packages are announced such as: personal credit packages with interest rates from 3%/year for spending needs or investment in production and business; new car purchase packages for businesses with interest rates from 6.69%/year, supporting up to 85% of the car's value. For domestic auto dealers, the bank applies an interest rate of 7.5%/year.
Within the framework of the Joint venture project implemented by Bao Viet Group, BAOVIET Bank strengthens cooperation with member units to expand customer base and deploy credit, payment, card services... for staff, consultants and customers of Bao Viet, with interest rates and preferential fees.
The bank also continues to invest in technology platforms to develop digital banking services, including plans to launch a new version of the Business electronic banking service (BVB eBiz). This version integrates features such as account management, money transfer, queries, salary payment, transaction appointment... BVB eBiz also expands utilities such as Napas 247 fast money transfer, looking up information of accounts other than payment accounts.
BAOVIET Bank is a member of Bao Viet Group. On the occasion of the 60th anniversary of the Group's establishment, the bank and related units simultaneously launched a number of service programs and incentives for customers.
