STB: Explanation for business result in Q2/09

Sai Gon Thuong Tin Commercial Joint Stock Bank (STB) has explained business result in Q2/09 as follows:

Pre-tax profit in Q2/09: VND619 billion, increasing VND227 billion compared to that in Q1/09 (VND392 billion).

Reason:

- Earning from interest in Q2/09 was VND616 billion, increasing VND125 billion.

+ Interest earning rose more than VND105 billion because the bank strengthened credit activities.

+ Capital mobilized in 2008 with high interest rate had been paid. Although the balance of capital mobilization was high in Q2/09, interest expense still decreased VND20 billion than that in Q1/09.

- Non-interest earning increased more than VND180 billion. It mainly came from securities investment with recovery of the stock market in Q2/09. In addition, earning from services achieved better result in comparison with Q1/09.

- Provision of credit risk and operation expenses in Q2/09 increased more than VND78 billion.

+ Provision of credit activities in Q2/09 rose more than VND68 billion.

+ Management expenses in Q2/09 increased about VND10 billion.

hose

>   ALT: Notice of record date for Dividend payment (12/08/2009)

>   KKC: Result of transactions of Directors, PDMR (12/08/2009)

>   KKC: Notice of transaction of Directors, PDMR (12/08/2009)

>   MKV: Result of transactions of Directors, PDMR (12/08/2009)

>   MKV: Notice of transaction of Directors, PDMR (12/08/2009)

>   VSD: Notice of Securities Depository of BKC (12/08/2009)

>   21/08/2009, record date for bond coupon payment CPD071230 (12/08/2009)

>   21/08/2009, record date for bond coupon payment VE061102 (12/08/2009)

>   21/08/2009, record date for bond coupon payment TP1_1605 (12/08/2009)

>   24/08/2009, record date for bond coupon payment TP4A4104 (12/08/2009)