Sacombank Posts US$38Mln Pretax Profit in H1
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) earned VND610 billion (US$38.1 million) in pretax profit in the first half of this year, fulfilling 51 per cent of the yearly target.
The bank’s total asset reached VND38.4 trillion (US$2.4 billion) as of late June, equal to 155 per cent compared to the figure of earlier this year.
Its total deposits hit VND33.85 trillion, equivalent to 157 per cent of the figure of the year’s beginning, and outstanding loans totaled VND26.9 trillion, or 163 per cent.
Currently, Sacombank is the biggest joint stock bank in terms of registered capital in Vietnam, with VND4.45 trillion.
Sacombank plans to raise its equity by average 50 per cent a year. (Securities Investment)
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