Eximbank Makes VND674B Pretax Profit in Jan-May
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) had pretax profit of VND674 billion in the first five months this year, meeting 44.9 per cent of the year’s target.
As of late May, the HCM City-based lender had provided VND5,690 billion of subsidized loans, accounting for 19 per cent of its total outstanding loans.
Its total deposits raised from economic institutions and residents, meanwhile, reportedly grew by 21.4 per cent against the year early.
Eximbank opened extra 10 new transaction offices in the period, expanding its network to 121 sites nationwide.
In the second half, Eximbank plans to issue more shares to hike its chartered capital to VND8.8 trillion from VND7.190 trillion to become the biggest Vietnamese private lender in terms of chartered capital.
The unlisted Eximbank also targeted to have total assets of VND63.3 trillion, total deposits of VND45.3 trillion, and outstanding loans of VND34 trillion in 2009, up 31 per cent, 40 per cent, and 60 per cent, respectively, on-year.
This year Eximbank targets pre-tax profit of VND1.5 trillion this year, growing 55 per cent from 2008. (Vietnam Economic Times,
www.vietstock.com.vn ) )
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