VietinBank's business targets for the first 9 months of 2024 continued to grow positively, closely following the plan assigned by the General Meeting of Shareholders and the State Bank. Specifically, by the end of the third quarter of 2024, VietinBank's total assets increased by 9.7% compared to the beginning of the year. Customer loans at the end of the third quarter of 2024 reached VND 1.6 million billion, up 9.0% compared to the beginning of the year.

VietinBank's outstanding credit growth is in line with the State Bank's direction and credit room. Customer deposits at the end of the third quarter of 2024 reached VND 1.5 million billion, up 7.5% compared to the beginning of the year, in line with the direction of capital balance, liquidity and compliance with the Bank's operational safety ratios.

VietinBank's net interest income in the first 9 months reached VND46.1 trillion, up 19.7% over the same period in 2023. The positive growth results come from efforts to increase scale, continue to implement credit packages, and preferential interest rate programs to support people and businesses; at the same time, efforts to effectively balance capital, promote CASA growth and short-term capital sources to optimize the bank's capital mobilization costs.

At the same time, VietinBank proactively increased the bad debt coverage ratio, improved financial capacity, and resilience to possible risks from the economy. As of September 30, 2024, VietinBank had a bad debt coverage ratio of 153%. Consolidated pre-tax profit closely followed the plan assigned by the State Bank.

In the context of the unpredictable and potentially risky global economic situation affecting the Vietnamese economy, VietinBank has always promoted its role as a leading commercial bank in providing capital for the economy, in accordance with the orientation and direction of the Government and the State Bank, contributing to stabilizing the macro economy and accompanying customers.

In particular, in order to share the difficulties with customers who suffered damage from super typhoon Yagi (typhoon No. 3), VietinBank reduced lending interest rates by up to 2%/year, with an expected outstanding loan balance of up to VND 100,000 billion to support capital sources for customers to soon stabilize production and business activities. In addition, VietinBank officials, union members and employees donated 1 day's salary each (total amount of VND 10 billion 584 million) to support people in the provinces to overcome the damage caused by typhoon No. 3 and the floods after the storm. The total amount of money VietinBank has donated to support people in the provinces to overcome the damage caused by typhoon No. 3 to date is more than VND 24 billion.

Along with that, the entire VietinBank system continues to accelerate comprehensive digital transformation, in which 45 initiatives are prioritized for implementation in 2024. VietinBank has established a Digital Factory to implement initiatives according to the Agile working method with the goal of spreading new working methods and mindsets, bringing quality digital products that are continuously improved in a short time.

Along with strong digital transformation activities, VietinBank continues to steadfastly implement sustainable development goals; from sustainable business, safe corporate governance operations to fulfilling responsibilities to the community and society, striving to ensure the rights of shareholders and investors.

With the potential foundation and results achieved in the first 9 months of 2024, VietinBank will accelerate the implementation of key business topics, determined to excellently complete the goals and business plans for 2024, actively contributing to the development of the banking industry and the socio-economic development of the country.