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 [...]
The HCM Stock Exchange listed Sacombank (STB) will be the first Vietnamese bank running a fully foreign invested bank in Cambodia. The new Sacombank Cambodia, headquartered in Phnom Penh, has a charter capital of US$38 million and an operation duration of 99 years, according to Dang Van Thanh, Sacombank’s chairman. Sacombank Cambodia is an upgrade [...]
Saigon Thuong Tin Commercial Joint Stock Bank, or Sacombank, has got approval from the State Bank of Cambodia to open a 100-percent foreign-invested bank subsidiary there, its Chairman Dang Van Thanh announced yesterday. Thanh said the Sacombank Cambodia, which was upgraded from Sacombank’s Phnom Penh branch, was scheduled to officially open in October 5. Sacombank [...]
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – coded STB) announced lately that besides the package worth 2 trillion dong being offered for enterprises with lending rates of 17-19 percent per year, the bank has launched the new package of $50 million dong for export enterprises. Up to now, Sacombank announced to disburse half [...]
Southern bourse-listed Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently announced its semiannual consolidated fiscal report with 1.47 trillion dong profit before tax, fulfilling 54.4% of the year’s plan. In Q2, its consolidated net profit from services reached nearly 179 billion dong, but still falling 29% against the unconsolidated report. Its net profit [...]
Dragon Capital has reportedly sold its entire 8.17-per-cent stake in Sacombank (STB) to two other foreign companies, ending a 10-year investment in the bank. The negotiated price of the shares was said to be higher than their current market value on the HCM City Stock Exchange. STB closed yesterday’s session at VND13,800 per share. “Buying [...]
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