The ‘big brother’ bank missed its profit plan, increased bad debt but made a strange decision

The post The ‘big brother’ bank missed its profit plan, increased bad debt but made a strange decision appeared first on News Directory 3.
Profit before and after tax increased although net profit from business activities before credit risk provisions decreased slightly, from VND 46,831 billion to VND 45,809 billion. The main reason is that this bank aggressively cut credit risk provisions in the context of a sharp increase in bad debt. Specifically, credit risk provision costs in 2023 […]