Vietnam Biggest Listed Bank Posts Gross Profit of VND1 Tln in First Half
Asia Commercial Bank, Vietnam&rsquos biggest listed bank by assets, said on its website that it posted a gross profit of VND1 trillion (US$60.6 million) in the first half this year, but giving no comparative figure.
ACB&rsquos robust profit is attributed mainly to gold transactions fees and loans lent to inter-bank market, Ly Xuan Hai, CEO of ACB.
The Ho Chi Minh City-based bank recently received approval from the State Bank of Vietnam to raise its registered capital to VND5.8 trillion from VND2.6 trillion.
In the first six months this year, ACB reported its total assets of VND102.639 trillion, total deposit of VND90.345 trillion, and lent VND41.879 trillion.
The bank&rsquos capital safety rate is 14 per cent, surpassing the required 14 per cent by the central bank, its overdue debts were less than 0.4 per cent and bad debts were less than 0.1 per cent, it said. (www.acb.com.vn, Tien Phong Online)
Vietnamese
