ANZ Vietnam: profit before provision at $7.2m in 2010

ANZ Vietnam one-member Bank Limited on May 13 officially announced the business results in 2010, the first fiscal year after becoming 100 percent foreign-invested bank since May 2009, with total income from business activities at $56.6 million (or 1.072 trillion dong) and profit before spending on its backup fund at $7.2 million (or 135.5 billion dong).

The bank’s total assets reached $1.4 billion (26.4 trillion dong) and total liabilities increased 51.8 percent.

The lending rate on total deposits from customers remained stable at 0.7.

ANZ Vietam maintained high capital level of over three trillion dong as of December 31, 2010.

The bank’s capital adequacy ratio (CAR) was at 25.5 percent, significantly higher against the minimum 8 percent as requested by the State Bank of Vietnam (SBV).

The bank has issued more than 30,000 credit cards and is currently leading consultant for bond issue in Vietnam and is the first foreign bank to arrange a syndicated loan in dong in 2010. – Vietbiz24

Posted by VBN on May 14 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry