DongA Bank gains 1tr dong profit before tax in Jan-Sept.

Eastern Asia Commercial Joint Stock Bank (DongA Bank -EAB) has recently released its performance for the first nine months of this year with profit before tax of over one trillion dong, or 76.9% of the year’s target.
As of September 30, the lender posted total assets of over 62.894 trillion dong, down 2.36% from August and equalling to 90% of the year’s plan, total deposits reached over 53.569 trillion dong, down over 5.24% month on month and 89% of the year’s plan and total outstanding loans of 42.498 trillion dong, or 92.4% of the year’s target, of which its overdue debts accounted for over 2.09%.

The bank’s profit before tax (excluding subsidiaries) in the first nine months of this year reached over one trillion dong, or 76% of the year’s plan.

On September 30, the bank closed the list of shareholders to pay dividend in Q3 at the ratio of 3% per quarter.

Previously, due to the breach of deposit interest rate cap of 14%, DongA Bank was disallowed to open branches and transaction sites and install ATM machine nationwide within one year as from September 14, 2011. – Source: Vietbiz24.com

Tags: DongA Bank, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Oct 12 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