|
Eximbank achieves 45% of '09 profit target
Vietnam's Eximbank, 15 percent owned by Japan's Sumitomo Mitsui Financial Group, reported on Tuesday a VND674 billion (US$37.9 million) gross profit for the January-to-May period.
The Ho Chi Minh City-based bank, Vietnam's eighth largest lender by assets, said loans reached nearly VND30 trillion ($1.68 billion) by the end of May, up 41 percent from the end of 2008.
It did not provide comparative profit or lending figures for the same period last year.
Eximbank has projected a gross profit of VND1.5 trillion ($84.4 million) for the whole of this year as it seeks to expand domestic networks and accelerate annual credit growth to 60 percent from a rise of 15 percent last year.
Apart from SMFG, British Virgin Islands-registered VOF Investment Ltd owns 5 percent of Eximbank and MAE, part of South Korea's top mutual fund Mirae Asset group, has 4.5 percent.
vietnews, Reuters
|
