Vietcombank earns 197 million USD in profits in 2008

Vietcombank says it earned 3.35 trillion VND (197 million USD) in profits last year.

Its total asset value reached 220 trillion VND (13 billion USD) in 2008, 20 trillion VND higher than the year’s target. Outstanding loan growth was 16.4 percent last year, while deposit growth was 12 percent.

The bank’s bad debt ratio was 4.5 percent, 1.3 percent lower than the bank’s target.

The bank on December 31 registered to list 112 million shares on the HCM City Stock Exchange.

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