Tien Phong Bank Makes Pretax Profits of VND133B So Far
Tien Phong Joint Stock Commercial Bank (TienPhongBank), with a 15 per cent stake owned by FPT Corporation, has announced that it made pretax profit of VND133 billion since its first operation in June last year.
As of May 31, its total assets had increased to VND3,615 billion from VND1,000 billion a year earlier.
This year, TienPhongBank has targeted VND113 billion of net profit and VND6 trillion of total assets.
The Hanoi-based has decided to issue an additional 100 million shares to double its registered capital to VND2 trillion (US$117.9 million) this year.
The TienphongBank has come into operation since mid-2008 with three foundation shareholders of FPT, Vinare and VMS Mobifone. (Vietnam Banking Times)
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