Hanoi (VNA) - The HCM City Development Joint Stock Commercial Bank (HD Bank)reported impressive results on August 3 for the first half of 2020, withpre-tax profit growing 31.5 percent year-on-year to over 2.9 trillion VND(124.3 million USD).

Its non-performingloan ratio was kept firmly under control, at 1.1 percent, the lowest among all the domesticbanks.

Several indicatorsfor the first half posted strong growth. Total mobilised capital, for instance,reached close to 213.94 trillion VND, a year-on-year increase of 18.2 percent, whiletotal outstanding loans rose 10.3 percent to more than 168.77 trillion VND.

The bankalso recorded a 22.7 percent increase in total consolidated operating income, exceeding6.34 trillion VND. This included over 5.66 trillion VND in net interest income;30.1 percent higher than in the same period last year.

Operatingcosts were well-managed and stood at nearly 2.74 trillion VND, making its costincome ratio (CIR) fall to 43.1 percent from last year’s 47 percent.

Itsreturn on equity (ROE) and return on asset (ROA) stood at 21.6 percent and 1.97percent, respectively; much higher than a year earlier.

In theface of COVID-19, HD Bank has designed credit packages to support affectedborrowers, including a preferential credit package worth 24 trillion VND for small- and medium-sized enterprises and a 10 trillion VND softcredit package for individuals and micro enterprises./.