Namvietbank posts 4-fold rise profit in Q1

With over 60 billion dong profit in the first quarter of this year, Nam Viet Commercial Joint Stock Bank (Namvietbank-NVB) fulfilled 22 percent of the year’s plan.

The bank’s net interest income in Q1 increased over 100 percent compared to the figure in 2010 to reach over 132 billion dong.
NVB’s foreign currency operations earned over 8.5 billion dong profit against the loss of 4.2 billion dong in last Q1.

The bank’s after tax profit in Q1 was over 60 billion dong, four times higher than the same period last year.

Tags: Namvietbank, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on May 9 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