Sacombank announces January profit

Sacombank announced on Wednesday that it achieved VND275 billion (US$23 million) in pre-tax profit in January.

This year’s target is set at VND3.2 trillion ($152 million).

The bank plans to increase its charter capital to VND15.835 trillion from the current VND10.740 trillion.

It runs a network of nearly 420 branches and transaction offices in 48 cities and provinces nationwide.

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