Tag: loan term

Data is an invaluable asset for banks, and effective data management is key to their success. By harnessing the power of data, banks can gain a competitive edge and make significant strides in the market. With efficient data governance, they can stay ahead of the curve and achieve remarkable breakthroughs, leaving their competitors behind. It is imperative for banks to recognize the significance of data and utilize it strategically to drive their growth and maintain their market dominance.

In Q3 2024, Masan reported a staggering 701 billion VND in profit, an astonishing nearly 14-fold increase compared to the same period last year, and surpassing its quarterly profit plan by 130% in the base-case scenario. The company is now focused on the final quarter, aiming to get closer to its ambitious 2,000 billion VND profit goal for the year.

The consolidated financial statements show that despite increasing provisions for risk, BVBank (BVB on UPCoM) reported a remarkable pre-tax profit of nearly VND 182 billion for the first nine months, almost triple that of the same period last year. This impressive performance is attributed to a significant increase in core income from lending activities, showcasing the bank's resilience and strong positioning in the market.