Sacombank targets VND2.700Tln pretax-profit in 2011, up 12% YoY

Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank – HOSE: STB) targets a pre-tax profit of VND2.700Tln in 2011, up 12% on year as approved by its general shareholders’ meeting on April 2, the listed lender said.

STB also targets total assets of VND160 trillion, up 12% on year; total deposits of VND120 trillion, up 22% on year; total outstanding loans of VND90.5 trillion, up 20% on year of which bad debts are capped at 2.5%; and a capital adequacy ratio (CAR) of above 9%.

This year, it plans to scale up charter capital to VND10.740 trillion, up 17% from 2010, it added. – Stoxplus.com

Tags: Sacombank

Posted by VBN on Apr 6 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