WesternBank posts $7.6m profit

The Western Commercial Bank (WesternBank) has announced its 2011 pre-tax profit of VND161 billion (US$7.6 million), a 148 per cent year-on-year increase.

Total asset value reached VND20.5 trillion ($979.7 million), up 118 per cent on 2010.

The bank hopes to expand credit growth by 15 per cent this year, along with a total asset value increase of 15-20 per cent. It also expects profits to jump by 14 per cent during the year.

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