Bao Viet bank targets VND200Bln pretax profit in 2011, up 114% on year

Bao Viet bank targeted a pretax profit of VND200billion in 2011, up 114% on year, the state-run online newspaper VnEconomy reported February 24.

The unlisted lender also targeted total assets of VND25trillion, up 181%; total outstanding loans of VND11trillion, up 195%; total deposits of VND14.5trillion, up 199% and ROE of 10%, up114%.

Commencing operations in December 11, 2008, the bank has to date became the youngest member of Vietnam’s commercial banking system.

Last year, Bao Viet Bank achieved total assets of VND13.854trillion, up 88%; total deposits of VND7.291trillion, up 108%; total outstanding loans of VND5.6trillion, up 150%; pretax profit of VND176.5trillion, up 210% and a wide network of 26 transaction units, up 135%.

- Stoxplus.com

Tags: Bao Viet Bank

Posted by VBN on Feb 24 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