Vietcombank's bad debts in the first three quarters of 2020 rose by 36 per cent compared to the beginning of the year to nearly VNĐ7.88 trillion. VNA/VNS
HANOI (Vietnam News/ANN): Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impact of the Covid-19 pandemic.
Vietnam News Agency quoted a report from Viet Dragon Securities Co as saying that NPLs at 17 banks had jumped by 31 per cent at the end of the third quarter against the end of last year to VNĐ97.28 trillion (US$4.19 billion). The amount accounted for 1.8 per cent of the banks’ total assets.
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