Techcombank Reports VND1.6Tln Pretax Profit in 2008
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced it made over VND1,600 billion of pretax profit in 2008, up 125 per cent on year, the VnEconomy online newspaper reported.
As of late December last year, its total assets doubled to VND59.523 trillion and deposits totaled VND41,058 billion, including VND29,733 billion mobilized from individual citizens.
Techcombank reported its total outstanding loans of VND26.022 trillion by late 2008, up 30 per cent on-year.
The Hanoi-based bank has already finished raising chartered capital to VND3,642 billion
Last year, Techcombank, one of the largest and fastest growing full service joint stock banks in Vietnam, put an additional 40 transaction points into operation, increasing the total to 170 points throughout the country. (VnEconomy)
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