Vietnam's Eximbank, 15 percent owned by Japan's Sumitomo Mitsui Financial Group (SMFG), said its net profit surged 60 percent to VND1.82 trillion ($87 million) last year.

The lender earned VND586.8 billion in net profit in the fourth quarter last year, up 261 percent from the same period a year earlier, it said in a statement.

Eximbank's stock price closed up 3.4 percent on Wednesday at VND14,900, with 710,450 shares traded.