Lienvietbank makes $14.6 million profit in first four months

Lien Viet Commercial Joint-Stock Bank said it had a pretax profit of VND260 billion (US$14.6 million) in the first four months of this year, helped by income from bond trading and loans.

The lender, also known as LienVietBank, had deposits of VND6.5 trillion and total outstanding loans of VND3.6 trillion in the four months, it said in an e-mailed statement last week.

The bank expects full-year pretax profit to rise five percent to VND466 billion.

thanhnien, bloomberg

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