CTG's Q1 net rises 60 pct, helped by loans growth

VietinBank, Vietnam's largest partly private lender by assets, said on Monday its net profit in the first quarter ended March surged 60 percent from a year ago to 1.39 trillion dong ($66.7 million), helped by growth in loans.

The Hanoi-based bank said in a statement it saw a 14 percent annual rise in outstanding loans to 280 trillion dong ($13.44 billion),

Its total assets at the end of March rose nearly 28 percent from March 31, 2011 to 406 trillion dong, the statement said. ($1=20,825 dong)

REUTERS

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