SCB passes 900b dong in 2009 profit target

Saigon Commercial Joint Stock Bank (SCB) recently passed the 2009 business plan with average chartered capital of 3.636 trillion dong and an estimated pre-tax profit of 900 billion dong.

Thus, the bank will continue raising the average chartered capital from current 3.2 trillion dong to 3.636 trillion dong.

This year SCB also targets to attain 41.5 trillion dong in total asset, 37 trillion dong in total deposits, 27.5 trillion dong in outstanding loans.

Till last December 31, the average chartered capital and funds of SCB reached 2.526 trillion dong while its total asset was posted at over 38.596 trillion dong, ranking the fourth among HCM City’s joint stock banks, pre-tax profit at more than 646 billion dong, exceeding 83% compared to 2007, total deposits of 34.605 trillion dong, a year-on-year growth of 53%, outstanding loans of over 23.278 trillion dong, up 20% and the bad debt ratio stood at 0.57%.

SCB’s return on equity (ROE) was still maintained at 2.75% and return on asset (ROA) achieved 2.06%.

 

Category: Finance