VietinBank sees 2013 gross profit dips 5 pct to $368 mln

HANOI Tue Jan 7, 2014 9:04pm EST

HANOI Jan 8 (Reuters) - VietinBank, Vietnam's biggest partly private bank by assets, on Wednesday reported gross profit of 7.75 trillion dong ($368 million) for last year, down around 5 percent from 2012.

The Hanoi-based lender, 20 percent owned by Japan's Bank of Tokyo-Mitsubishi UFJ Ltd, projects lending to expand 10 percent to 15 percent in 2014 versus 14.7 percent last year, the bank said in statement on its website (

VietinBank also expects total assets to increase 10 percent to 15 percent this year, following a rise of 14.4 percent in 2013. (Reporting by Ho Binh Minh; Editing by Christopher Cushing)