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 [...]
In the fiscal year of 2011, VietinBank (CTG) will set aside of 30 trillion dong for auxiliary industry development with lower lending rate than its common loan rate, Vo Minh Tuan, VietinBank’s deputy general director confirmed at the seminar on “Auxiliary Industry Development and Promotion” co-held by Japan International Cooperation Agency (Jica) and Enterprises Development [...]
Prime Minister Nguyen Tan Dung has approved State-owned Housing Bank of Cuu Long (Mekong) Delta (MHB)’s equitisation plan. The bank will become a commercial joint stock company under the plan and will be permitted to issue shares to increase its charter capital. The State will retain a VND3 trillion (US$144 million) stake after the equitisation, [...]
Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG) reported that in the first quarter this year, the lender earned 11.983 trillion dong of total income, rising 105 percent against the same period last year, of which, costs accounted for 7.852 trillion dong, up 115 billion dong from last Q1. Thus, the bank’s net [...]
Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) has recently announced the fiscal report in the first quarter of this year with 7.804 trillion dong of income, rising 87 percent year-on-year. The bank’s profit costs in Q1 accounted for 5.055 trillion dong, rising 108 percent from last Q1. VCB’s net income was nearly 2.75 [...]
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) has recently announced the fiscal report in the first quarter this year with 12 percent after tax profit growth year-on-year to reach approximately 453 billion dong. Notably, in Q1, STB’s business activities in foreign exchange sector posted a loss of 155 billion dong while the loss was [...]
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