At the annual shareholders' meeting of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) held on March 15, representative from the Australia and New Zealand Banking Group Limited (ANZ) answered shareholders rumour about offloading its holding into Sacombank.
Accordingly, Sacombank's director board worked with ANZ. In order to ensure interests of both two organisations, ANZ will seek another partner to transfer the holding so as not to cause impacts on STB market price.
As planned, on March 17, representative from STB will work with ANZ on this issue.
At present, ANZ holds 10 percent stake into Sacombank.
Ending first two months this year, STB attained 300 billion dong of pre tax profit (excluding combined profit from subsidiaries), increasing 35 percent year-on-year.
Till February 28, 2010, STB's income from credit accounted for 22.9 percent, revenue from services was 18.8 percent and the remaining was from other sectors.
The bank also posted nearly 83.4 trillion dong of total deposits, 56.72 trillion dong of total outstanding loans and 101.2 trillion dong of total assets.
Also till the end of February, Sacombank's non-performing loans (NPL) were 0.72 percent and total capital surplus and funds at 2.095 trillion dong.
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