Habubank Earns VND 96.3 Bln in First Quarter

According to Habubank, in the first three months this year earnings before taxes (EBT) reached VND 96.3 billion, increasing 274 percent from the same period last year. Total capital grew 38.7 percent compared with the end of 2006. Deposits increased strongly by 82.67 percent from the previous year. Personal savings from the public made up 18.05 percent of total capital, increasing by 7.6 percent from the same period of 2006. In the first quarter this year, Habubank accomplished the first issue of bonds with VND 300 billion, and started the second issue under USD denomination to diversify the forms of raising capital for the customer’s benefit. 

 

Habubank will continue opening more branches in Binh Duong, Ho Chi Minh City, and other locations to serve Southern customers.