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Sacombank's bad debt ratio below 3 percent in 2018

Sacombank said its overall bad debt ratio in 2017 has decreased from 6.68 percent to 4.4 percent and is expected to be below 3 percent in 2018.

 

Sacombank's bad debt ratio below 3 percent in 2018


Its current chartered capital is VND 18,852billion.

Sacombank’s representative announced two major goals in 2018-2020 period will be to speed up Sacombank restructuring process and the treatment of bad debts to improve its asset quality.

In addition, the bank will expand cooperation relation aiming to reduce competitive pressure in the sector and become top retail bank in the country and the region.

YEN LAM-Translated by K.LienSacombank's

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