Western bank posts vnd168 bln pretax profit in jan-jun

Western Bank posts a pretax profit of VND 168 billion in the first six months of the year, meeting 48% of year-target, said the South-based unlisted lender on its website.

As at June 30, the bank achieved total assets of VND 18.175 trillion, fulfilling 56% of year-target; total deposits of VND 10.708 trillion, equivalent to 52% of year-target and average growth of 16% per month.

Western Bank had bought VND500 billion Government bonds of 5-year tenor at 12.3% p.a., helping the bank to diversify its asset portfolio, ensure liquidity and chances to generate additional revenue when its credit growth hit the cap. – Stoxplus.com

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial, Western Bank

Posted by VBN on Jul 18 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