Techcombank Makes Pretax Profit of VND1T in H1
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced that it made pretax profit of VND1.031 trillion (US$60.8 million) in the first half of this year.
Earnings from core banking services accounted for nearly 70 per cent of the bank’s total profit during the period, and income from bonds, gold and stock deals made up 30 per cent, Techcombank’s General Director Nguyen Duc Vinh said.
Income from stock trading was VND39.9 billion in the first half, accounting for less than 4 per cent of Techcombank’s total earning, Vinh added.
Between Jan and Jun, the lender raised VND39.8 trillion of deposits from residents, up 34 per cent since early 2009, and lent a total of VND33.4 trillion, including VND9.9 trillion for subsidized loans.
Total assets rose 25.6 per cent from the end of last year to VND74.8 trillion by the end of June.
The Hanoi-based bank raised its registered capital to VND4.4 trillion from VND3.6 trillion by issuing additional shares to existing shareholders in June. (Vneconomy, Industry & Trade)
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