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Sacombank gross profit dips 5 percent
Sacombank, 10 percent owned by ANZ, said gross profit in the first nine months of this year fell 5.4 percent to VND952 billion (US$57.6 million).
Ho Chi Minh City-based Saigon Thuong Tin Commercial Bank, Vietnam's sixth-largest lender, said in a statement its total assets reached VND65.83 trillion ($3.92 billion) at the end of last month, or 1.9 percent higher than at the end of 2007.
Its assets had been VND74.9 trillion at the end of June.
Sacombank did not give a net profit figure nor offer any reason for the decline.
Its gross profit in the first nine months of 2007 had been VND1,006 billion.
Shares in Sacombank lost 3.35 percent to close at VND20,200 Friday, valuing the bank at $624 million.
Sacombank said its deposits reached VND56.66 trillion at end-September, while loans outstanding was VND32.18 trillion, or 33 percent up from VND24.2 trillion reported at the end of September 2007.
Thanhnien
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