SHB: Explanation for the change of over 5% in operating result in QII- 2009
SHB announces the explanation for the change of over 5% in operating result in QII- 2009 as follows:
According to the Financial Statement Quarter II/2009, profit before tax is VND 172.35 bil. with an increase of VND 91.48 bil. (113%) compared to Quarter I/2009. Sai Gon - Hanoi Commercial Joint Stock Bank explained the increase in operating result in QII/ 2009 as follows:
- Realizing economic stimulus package by the Government, included loan interest support for corporate borrowers, SHB sped up lending activities, especially focused on the Government loan interest support. Income from bank interest increased 41.07% compared to that in QI/2009.
- The bank has diversified banking products, opened some new service products to enterprize and personal customers since middle of quarter I/2009. These new products attracted a great deal of enterprize customers, brought a large profit for SHB.
- Income from international payment, foreign exchange trading, capital trading on interbank market, investment in bond…
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