Saigon Bank posts 2.4tr dong in outstanding loans

Saigon Bank for Industry and Trade said on October 13 that its total assets is estimated at 2.95 trillion dong, the total outstanding lending balance is nearly 2.4 trillion dong and its deposits reach nearly 2.45 trillion dong.
By the end of September, Saigonbank succeeded in reaching the business target and many other plans set by the shareholder meeting.
Non-performing loans are only 3% of total outstanding loans, the bank said.
From now to 2010, the bank will expand its network to increase the banking market share to 15% a year and is determined to minimise the NPL rate at under 2% of total outstanding loans, developing new banking technologies and new banking products and services. In addition, the bank also is determined to increase the earnings from the banking services to 30%–40% of total income.

 

Category: Finance