Wednesday, 27/10/2010 14:35

Three listed banks earns good profit

Three out of four HCM City-listed banks announced positive profits in the third quarter and first nine months of this year.

Vietcombank (VCB) earned a net profit of nearly VND1.8 trillion (US$91 million) in the third quarter, raising nine-month profits to nearly VND6 trillion ($307.7 million), up 27.2 per cent over the corresponding period last year.

The net-profit from credit service provision was VND186.3 billion ($9.6 million) in the third quarter, down 14.6 per cent from 2009's corresponding period while profit from foreign exchange rose 17.2 per cent to VND188.7 billion.

HCM City-based Sacombank (STB) posted a net-profit of VND127.7 billion ($6.5 million) from services provision, a year-on-year reduction of 31.7 per cent; while its profit from foreign exchange was VND57.5 billion (about $3 million) in comparison to a loss in 2009's third-quarter of VND34.3 billion.

The bank posted a total net-profit of VND918.7 billion ($47.1 million) in the third quarter, and VND2.2 trillion ($112.8 million) in the first nine months, an increase of 40.42 per cent.

Meanwhile, Eximbank's (EIB) posted a foreign exchange year-on-year drop of 53.2 per cent to only VND20.4 billion (over $1 million) in the third quarter.

However, the bank had positive third quarter in credit services provision, with a net-profit of VND65.9 billion ($3.4 million), up 27.7 per cent.

In total, Eximbank made a net-profit of VND789 billion ($40.5 million) in the third quarter, and nearly VND2 trillion ($102.6 million) in the first nine months, a year-on-year increase of 40.75 per cent.

VietinBank (CTG) is yet to release third quarter or nine month figures.

vietnamnews

Other News

>   FPT posts high profit in first nine months (27/10/2010)

>   HPG: HPG reaches VND960 billion in profit after tax in 9 months (26/10/2010)

>   GTA: Resolution of the BOD (26/10/2010)

>   CII: CII borrows VND262 billion from the World Bank (26/10/2010)

>   TNA: Business result in September 2010 (26/10/2010)

>   SDT: Adjustment of Consolidated financial statement in brief QII/2010 (26/10/2010)

>   PVN and Japanese bank sign deal (26/10/2010)

>   Brokerages report third-quarter profits (26/10/2010)

>   FPT to build software park (25/10/2010)

>   AAM: Explanation for business result in Quarter III/2010 (22/10/2010)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version