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ABBANK profits falls sharply on bad debt provisioning

An Bình Commercial Joint Stock Bank (ABBANK) provisioned nearly VNĐ1.49 trillion (US$60.87 million) for credit risk last year, sending its pre-tax profit plummeting to VNĐ513 billion ($20.9 million) as against a target of VNĐ2.8 trillion ($114.45 million).