DongA Bank gains 1tr dong profit before tax in Jan-Sep

12-Oct-2011 Intellasia | Vietbiz24 | 7:01 AM Print This Post

Eastern Asia Commercial Joint Stock Bank (DongA Bank -EAB) has recently released its performance for the first nine months of this year with profit before tax of over one trillion dong, or 76.9 percent of the year’s target.

As of September 30, the lender posted total assets of over 62.894 trillion dong, down 2.36 percent from August and equalling to 90 percent of the year’s plan, total deposits reached over 53.569 trillion dong, down over 5.24 percent month on month and 89 percent of the year’s plan and total outstanding loans of 42.498 trillion dong, or 92.4 percent of the year’s target.

Of which its overdue debts accounted for over 2.09 percent.

The bank’s profit before tax (excluding subsidiaries) in the first nine months of this year reached over one trillion dong, or 76 percent of the year’s plan.

On September 30, the bank closed the list of shareholders to pay dividend in Q3 at the ratio of 3 percent per quarter.

Previously, due to the breach of deposit interest rate cap of 14 percent, DongA Bank was disallowed to open branches and transaction sites and install ATM machine nationwide within one year as from September 14, 2011.


Category: Finance

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