STB: Business result in Q1/08

Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) has informed of business result in Q1/08 as follows:

As at 31March 2008, Sacombank achieved a VND435 billion pre-tax profit that represented a 44% yoy increase. The total assets rose by 135% yoy to VND75,205 billion while total mobilized capital jumped 133% yoy to VND65,445 billion. The total outstanding loans reached VND41,665 billion, increasing 141% compared to that in the same period 2007.

In the first quarter of 2008, the Viet Nam financial market has been significantly affected by the fluctuations of the global economy. Sacombank makes effort to gain its financial performance as planned for 2008.

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