Vietnam Prosperity JSCB 2020 AR2
The report outlines VPBank's performance and sustainability initiatives in 2020, a year marked by the Covid-19 pandemic. The bank achieved a consolidated profit before tax of VND 13.019 trillion, representing a 26.1% year-on-year growth, and optimized its cost-to-income ratio to 29.2%. VPBank became one of the first Vietnamese banks to fully adopt Basel II standards and pioneered green credit programs, disbursing over VND 1.5 trillion for green projects. Additionally, the bank actively supported the community with nearly VND 40 billion in Covid-19 relief and disaster aid, while launching digital initiatives like e-KYC to enhance customer experience.
Company: Vietnam Prosperity JSCB
Sector: Financials
Country: Vietnam
Year: 2020
Type: AR2
Pages: 182
Vietnam Prosperity JSCB
Annual Report
The report outlines VPBank's performance and sustainability initiatives in 2020, a year marked by the Covid-19 pandemic. The bank achieved a consolidated profit before tax of VND 13.019 trillion, representing a 26.1% year-on-year growth, and optimized its cost-to-income ratio to 29.2%. VPBank became one of the first Vietnamese banks to fully adopt Basel II standards and pioneered green credit programs, disbursing over VND 1.5 trillion for green projects. Additionally, the bank actively supported the community with nearly VND 40 billion in Covid-19 relief and disaster aid, while launching digital initiatives like e-KYC to enhance customer experience.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Employees