RELEASED DATE 09 Jan 2020
As of 31 December 2019, the bank's total assets reached VND1,459 trillion, up 13.7 percent from 2018 and leading commercial banks in Vietnam.
Total outstanding loans and investments reached VND1,300 trillion, of which outstanding loans hit VND1,099 trillion, an increase of 12.4 percent compared to 2018, accounting for 13.4 percent of the credit market share of the whole banking industry. In particular, retail loans were VND374,526 billion, up 21.5 percent, accounting for 34.1 percent of total loans, leading the market by retail credit size. The credits focused on production fields and priority areas in accordance with the orientation of the government and the State Bank of Vietnam. Loans for priority areas accounted for over 60 percent of total loans.
Customer deposits were diverse, reaching VND1,349 trillion, growing 12.2 percent from the previous year. Deposits mobilised from organisations and residents reached VND1,168 trillion, up 12.7 percent, accounting for 11.5 percent of the industry’s deposit market share.
BIDV’s consolidated profit before tax hit VND10,768 billion, with ROA and ROE reaching 0.61 percent and 15.2 percent respectively.
BIDV’s share (BIC) market price increased by 42.5 percent year to date and the percentage of foreign investors' ownership in BIDV increased to 18.03 percent. BIDV is the third largest bank in the market by capitalisation value which reflected investors' expectations of BIDV's development potential after the M&A deal with KEB Hana Bank.
BIDV’s subsidiaries performed stably, contributing VND589 billion to the bank’s overall results.
Mr. Le Minh Hung, governor of the State Bank of Vietnam
During the year, BIDV fulfilled its tax obligations, paying VND8,550 billion to the State Budget and being among the Top 10 largest taxpayers. The tax payment figure of the last three years hit VND14,550 billion. BIDV has also made cash dividend payments for 2017 and 2018 to shareholders totalling VND4,800 billion, equivalent to a dividend payout rate of 7 percent p.a.
At BIDV’s conference on implementation of the business plan 2020, Mr. Le Minh Hung, Governor of the State Bank of Vietnam, acknowledged and praised BIDV for its positive business results. He noted that the bank controlled its credit structure and quality well, pioneering in applying new technology, digitising banking products and services as well as implementing monetary policies and supporting local socio-economic development and social security activities.
The central bank governor spoke highly of the bank’s successful deal with KEB Hana Bank that was the highest value in the banking system, which has helped BIDV become the bank with the largest charter capital in Vietnam.
Mr. Le Minh Hung expressed his belief that BIDV will continue pioneering in the implementation of the Government and the State Bank of Vietnam’s monetary policies and successfully accomplish tasks, contributing to the success of the whole banking sector in 2020.
Mr. Phan Duc Tu, chairman of the Board of Directors, BIDV
The bank’s motto for 2020 is “Discipline - Accountability - Efficiency – Breakthrough”. According to Mr. Phan Duc Tu, chairman of BIDV’s Board of Directors, the bank has set specific business targets for 2020: customer deposits to grow by 14.5 percent; credit growth of about 13 percent according to the State Bank’s direction; consolidated profit before tax to reach VND12,600 billion, and NPL ratio at less than 1.6 percent.
In 2019, BIDV was honoured with prestigious domestic and international awards such as Top 2,000 largest public companies for the fifth consecutive year; Top 400 largest banks in the world; Strongest Brand in Vietnam; Best retail bank in Vietnam for the fifth consecutive year; SME Bank of the year; and a Digital Transformation award, among others.