High Profits for HCM City-based JS Banks in First Quarter

3:01:14 PM | 4/11/2007

Among Commercial JS Banks in Ho Chi Minh City, many posted 2-2.6 fold growth of pre-tax profits in the first quarter this year, compared with last year.

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit VND302 billion, up 188 per cent on year.

The good result of STB pushed its shares to VND147,000 today, up 75,500 against that in early 2007.

The Vietnam Export and Import Commercial Bank (Eximbank) and the Saigon Commercial JS Bank (SCB) obtained VND177 billion and VND65 billion in pre-tax profits, respectively, up from 2-2.6 times on year. (VNA)