Sahabank gross profit hits 75% of annual target in H1

The Saigon Hanoi Bank said its gross profit in the first half of this year reached VND253 billion, or US$14.2 million, 75.3 percent of its full-year target, following a 14 percent rise in lending.

Loans reached VND7.1 trillion at the end of June, making up 70.7 percent of its annual target, Sahabank said in a statement without giving comparative figures for 2008.

Sahabank is not among the large banks told by the central bank to cap their credit growth at 25 percent this year to prevent the return of high inflation.

thanhnien, bloomberg

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