PGBank’s total raised deposit touches nearly 14tr dong in 2010

Petrolimex Commercial Joint Stock Bank (PGBank) has recently released the 2010 annual reports with total raised deposit up to December 31, 2010 of 13.995 trillion dong, increasing by 54 percent against that of 2009, of which the total raised capital from economic institutions and residents counted for 76.93 percent at 10.766 trillion dong.

In terms of credit activities, by the end of 2010, the bank’s total outstanding loans were posted at 10.886 trillion dong, up 73.7 percent year-on-year, of which short-term loans counted for 66.5 percent and medium, long-term loans of 33.5 percent.

By the end of 2010 fiscal year, the bank’s net interest income was estimated at 516.8 billion dong and after tax profit of 218.8 billion dong.

In 2011, PGBank aimed to obtain targeted pre-tax profit of 560.4 billion dong, equalling to 91 percent of the previous year. The bank planned to pay dividend at 12 percent at minimum. – Vietstock

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

Posted by VBN on Jun 22 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