TienPhongBank expects to gain 2011 pre-tax profit of 460b dong

Tien Phong Commercial Joint Stock Bank (TienPhongBank) has approved the 2011 business plan with expected pre-tax profit of 460 billion dong, increasing by 117 percent against the previous year.

In order to realise the year plan, the bank’s leaders have set up main targets of concentrating on raising capital in the first markets (among households to fulfil the targeted plan of 18 trillion dong, boosting up financial capacity for long-term operation activities of the bank. TienPhongBank aimed to limit the ratio between bad debt and outstanding loans below 1 percent, and the ratio of medium and long-term outstanding loans over total loans not to surpass 40 percent; the income from non-credit services over total revenue of no more than 25 percent. – Vietbiz24

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

Posted by VBN on Apr 26 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