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| In 2024 alone, CTG plans to achieve an 8-10% increase in total assets. — Photo CTG |
HÀ NỘI — Vietnam Industry and Trade Commercial Bank (VietinBank, stock code: CTG) is preparing to present its business plan and propose a dividend payment plan at the 2024 Annual General Meeting of Shareholders.
VietinBank has set an annual growth target of 9-10% for total assets, credit balances and mobilized capital for the period 2024-2029. The bank is also targeting a return on equity (ROE) of 16-18% while keeping its non-performing loan ratio below 2%.
CTG predicts that total assets will increase by 8-10% in 2024 alone. Credit balances will be managed within limits approved by the State Bank, and capital mobilized will be adjusted in line with credit growth. The bank aims to maintain a managed non-performing loan ratio below 1.8%.
CTG posted an after-tax profit of nearly VND19.5 trillion (US$780 million) in 2023. After allocating the necessary funds, CTG reserved VND13.9 trillion to be used for the payment of stock dividends, subject to the approval of relevant state agencies.
CTG shares fell 3.4% to close at VND31,600 ($1.26) per share on Friday. —VNS
