SHB gains 152b dong combined profit in Q1

Saigon-Hanoi Commercial Joint Stock Bank (SHB) has recently said its combined fiscal statement in Q1 2011 with after tax profit at 151.86 billion dong, rising 25.65 percent against the same period last year.

Accordingly, the bank’s net interest income in Q1 was 393.5 billion dong, rising 85 percent year-on-year. SHB’s net profit from services gained nearly 38 billion dong, falling 17 percent y-o-y.

SHB’s net profit from gold and foreign currency operations was 1.69 billion dong, or 6 percent year-on-year.

The lender’s pre tax profit was 202.4 billion dong, rising 26 percent y-o-y and equalling to 19 percent of the year’s target. – HNX

Tags: SHB, Vietnam banking industry, Vietnam banks, Vietnam finance, Vietnam financial

Posted by VBN on Apr 28 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