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Eximbank targets 44% rise in pre-tax profit
Shareholders of the HCM City Stock Exchange listed Eximbank Vietnam have approved a 44 per cent year-on-year increase in this year's pre-tax profit target to VND2.2 trillion (US$115 million).
They also agreed at yesterday's annual general meeting to increase the bank's total asset value to VND88 trillion, a year-on-year growth of 33 per cent.
Capital mobilisation is expected to rise to VND67 trillion and outstanding loans to VND58 trillion, up 43 per cent and 58 per cent respectively.
ROE (Return on equity) will be 11.65 per cent and shareholders will receive dividends of 12.6 per cent, apart from bonus shares resulting from accumulated profit.
The bank also plans to increase its charter capital to VND10.56 trillion from the current VND8.8 trillion.
Eximbank said it will develop to become a multifunctional financial and banking corporation by 2015 with services including retail banking, import export funding and services to corporate customers as its core business.
Eximbank currently runs a national network of 140 branches and transaction offices and plans to open around 40 new ones each year until 2015. It will also develop branches overseas, the meeting heard.
vietnamnews
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