At the end of the third quarter of 2022, Sacombank's pre-tax profit reached VND 4,440 billion, completing 84.1% of the plan; both deposit and lending scale grew positively. At the same time NPLs and legacy assets are accelerated to recover and handle the capital to help put into profitable business, so subsidies should be recovered. Non-interest income also grew strongly. Service revenue increased by 82.3% with the main drivers being, bancassurance, foreign exchange trading... Hence, non-credit income increased its contribution to total income to nearly 40%.
Previously, Vietnam Report also honored Sacombank in "Top 50 Prestigious and Effective Public Companies in 2022" (VIX50) and "Top 10 Prestigious Vietnamese Joint Stock Commercial Banks in 2022" based on objective research and evaluation on their ability to overcome difficulties during the pandemic and recover and thrive.