ABBank allowed to hike chartered capital

State Bank of Vietnam (SBV)’s governor on November 10 issued a Document No 8731/NHNN-TTGSNH allowing An Binh Commercial Joint Stock Bank (ABBank) to scale up chartered capital.

Under it, ABBank is allowed to hike its chartered capital from over 3.48 trillion dong to over 3.83 trillion dong.

Reportedly, till the end of October, ABBank gained 604.5 billion dong of profit pre tax or 96% of the adjusted year target (the year profit target was adjusted up from 580 billion dong to 630 billion dong).

The bank’s total assets were posted at 36.796 trillion dong, exceeding the year’s figure (36.6 trillion dong), total outstanding loans at 18.243 trillion dong or 96% of the year’s plan including 13.537 trillion dong loans for corporate borrowers (increasing 66.3% year-on-year) and 4.706 trillion dong loans for individuals (rising 43.9% year-on-year). – ABBank

Tags: ABBANK

Posted by VBN on Nov 12 2010. 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