VIBank targets 74 pct jump in pretax profit

Vietnam International Commercial Joint Stock Bank said it is targeting a 74 percent increase in pretax profit this year.

The Hanoi-based bank wants to lift pretax profit to VND400 billion (US$22.5 million) from VND230 billion in 2008, it said in an e-mailed statement Tuesday. The bank did not say how it may reach the goal.

Total assets of VIBank, as the lender is known, are expected to rise to VND40 trillion ($2.26 billion) from last year’s VND34.7 trillion.

Bloomberg, thanhnien

>   VPbank expects profit to rise 40 pct (01/04/2009)

>   Vietinbank Securities to raise $11 mil in share sale (01/04/2009)

>   FPT stays on top (01/04/2009)

>   Government to scrutinise EVN equitisation (01/04/2009)

>   Profit-taking continues to sink market (01/04/2009)

>   THB_Audited Financial Statement in brief for FY2008 (01/04/2009)

>   IFC and HASTC Help Develop Capital Markets in Vietnam (01/04/2009)

>   TPH_Audited Financial Statement in brief for FY2008 (01/04/2009)

>   TDN_Audited Financial Statement in brief for FY2008 (01/04/2009)

>   SPP_Audited Financial Statement in brief for FY2008 (01/04/2009)