PGBank gains 96.12b dong profit in Q2/2012

Petrolimex Group Commercial Joint Stock Bank (PGBank) has recently reported its business performance in the second quarter of this year with after tax profit of 96.12 billion dong, lifting the total figure in Jan-Jun to 233.49 billion dong.

Particularly, in Q2/2012, the lender’s net interest income was 302.4 billion dong and the accumulated figure in Jan-Jun was 562.62 billion dong. Services contributed 5.14 billion dong in Q2 and 10.12 billion dong in Jan-Jun. The bank gained 13.45 billion dong profit from forex trading activities in Q2/2012, bringing the total figure in H1/2012 to 23.01 billion dong.

Securities investment activities helped the bank gain net income of 5.52 billion dong in H1/2012.

PGBank’s net income from other activities was 20.38 billion dong in Q2/2012 and 38.05 billion dong in H1/2012.

The bank has recently also officially finalised hiking chartered capital from two trillion dong to three trillion dong.

PGBank’s total assets as of June 30, 2012 reached 19.581 trillion dong, or 84 percent of the year’s plan.

So far, the lender has developed 78 branches and transaction sites nationwide.

In 2012, PGBank targets to reach total assets at 25.684 trillion dong, total deposits at 21.989 trillion dong, total outstanding loans at 13.931 trillion dong, pre tax profit at 700 billion dong and network expansion by additional three branches and 20 transaction sites.

 

Category: Finance