Sacombank holding bank gains 2.174tr dong profit in Jan-Sept.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has said that as of September 30, 2011, the profit before tax of the holding bank was estimated to reach 2.174 trillion dong, or 77% of the year’s target.
With the growth momentum in the last three quarters this year and the aforementioned profit before tax, this year, the bank will be likely to achieve the target of 2.8 trillion dong profit, Vietbiz24.com cited Dang Van Thanh, chairman of Sacombank’s director board as saying.

However, some small banks still find it hard to fulfil this year’s profit target.

According to the business results in January-August, the profit before tax of Orient Commercial Joint Stock Bank (OCB) was 225 billion dong, or 45% of the year’s plan (500 billion dong).

Trinh Van Tuan, OCB’s general director said his bank will try to increase revenues from all operations in the remaining months to complete this year’s pre-tax profit target. – Source: Vietbiz24.com

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

Posted by VBN on Oct 7 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