HDBank says first half pretax profit doubled on year

Housing Development Bank, the Vietnamese lender known as HDBank, posted a pretax profit of nearly VND128 billion for the first six months, almost double the figure from a year ago.

A statement on the bank’s website said the profits, equivalent to about US$7.2 million, accounted for 75 percent of the company’s full-year target.

Deposits rose more than 43 percent from a year earlier and bad debts as of the end of June were less than 2 percent, the Ho Chi Minh City-based lender said in the statement.

HDBank’s total assets rose to VND14 trillion as of June 30, up almost 50 percent from the same period in 2008, the statement said.

thanhnien, bloomberg

>   Bao Viet Securities reports net profit of VND95 billion (10/07/2009)

>   Vincom drops most in two months on $50 mln investment plan (10/07/2009)

>   VSD: Notice of Depository of VCS for additional securities registration (09/07/2009)

>   TNG: Notice of transaction of Directors, PDMR (Mr. Hoang) (09/07/2009)

>   21/07/2009, record date for bond coupon payment QHD0823032 (09/07/2009)

>   NPS: Results of Annual General Meeting of Shareholders 2009 (09/07/2009)

>   20/07/2009, record date for bond principal & coupon payment TP1A1004 (09/07/2009)

>   20/07/2009, record date for bond principal & coupon payment QH060908 (09/07/2009)

>   ACB: Notice of transaction of connected person (09/07/2009)

>   20/07/2009, record date for bond coupon payment QH061108 (09/07/2009)