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| Sacombank reaches 300b dong in Jan-February pre-tax profit |
| 11/Mar/2010 Intellasia | STB |
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| 11 Mar, 2010 - 11:25:04 AM |
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During the first two months of this year, Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB) reached 300 billion dong in pre-tax profit excluding combined profit from member companies, a year-on-year rise of 35 percent.
In the profit structure of STB till February 28, the profit from credit business accounted for 22.9 percent, services 18.8 percent and reminder was other profit.
The bank raised total 82.4 trillion dong of deposits and lent 56.720 trillion dong in the period. Also its total assets were estimated at over 101.2 trillion dong while the non-performing loan ratio was 0.72 percent. The bank's total capital surplus and funds gained 2.095 trillion dong.
STB's network covers 320 transaction sites in 45/63 provinces and cities, one representative office in China, one branch in Laos and one in Cambodia. This year the bank plans to open 80 additional transaction sites nationwide.
Lately Sacombank was proudly awarded the title "Best Domestic Bank 2010" with the best cash management service by Hong Kong's The Asset organisation.
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