Techcombank pretax profit more than doubled in 2008

Vietnam Technological & Commercial Joint-Stock Bank, partly owned by HSBC Holdings Plc, reported pretax profit more than doubled last year to VND1.6 trillion (US$91.5 million).

The bank’s outstanding loans increased 30 percent to VND26 trillion, it said in a statement posted on its website Monday.

Assets rose 50 percent to almost VND60 trillion at the end of 2008, according to the statement.

Bloomberg

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