Banks report huge profits

Banks report huge profits

Profit reports in the first quarter of this year of commercial banks have revealed the huge profits of lenders. This is also one of the reasons why banking stocks strengthened strongly recently, contributing to supporting the VN-Index to set a new high in history.
A Vietcombank branch in Phu Quoc Island. The bank is one of the highest lending revenue earners in the first quarter. (Photo: VNA/VNS)

Bank profits still mainly depend on lending

Profits of commercial banks, including large-sized entities, continue to depend mainly on lending, making it difficult to achieve sustained growth.