This is the record pre-tax profit to be achieved by a Vietnamese bank, representing a rise of 32.9% during the same period in the previous year and 16% higher than Vietcombank’s set target. Vietcombank’s outstanding loans reached VND553 trillion (US$24.33 billion), an increase of 17.2%. Credit quality was under control, with the ratio of non-performing loans at 1.11%, a drop of 0.35% over the end of 2016. The bank allocated more than VND6.18 trillion (US$271.92 million) for provisioning last year. Its trading of foreign currencies was worth US$45.1 billion, rising by 27.2%, while the transfer of remittances was worth US$1.9 billion, up by 14.9%.