Vietnam Daily News

ABBank posts pre tax profit at 391b dong in first 11-months

Written by Dailynews.vn Saturday, 10 December 2011 19:16

Till the end of November 2011, An Binh Commercial Joint Stock Bank (ABBank) reported gaining 391.3 billion dong pre tax profit, or 78 percent compared with the bank's plan for 2011 at 500 billion dong. On late December 8, the lender said that till the end of November 2011, it reached over 38.099 trillion dong total assets, chartered capital at 4.2 trillion dong, total deposits from economic institutions and individuals at 24.99 trillion dong, total outstanding loans at 18.587 trillion dong and bad debts ratio at 2.51 percent. Tran Thanh Hoa, ABBank's general director said: "This year, the banking financial market is facing more difficulties and challenges. In that context, the top target is to ensure safe banking system, so we focus on maintaining stable, sustainable and safe operations".

Source: www.intellasia.net/news/articles/finance/111350437.shtml