Eximbank sets profit targets high for 2014

The Eximbank shareholders meeting this week approved the bank's pre-tax-profit target of VND1.8 trillion ($85.7 billion) for this year, up from VND828 billion.

It also target deposits of VND100 trillion($4.7 billion) and outstanding loans of VND97.3 trillion ($4.63 billion), respectively up 21 per cent and 10 per cent.

This year the bank plans to open five branches and four transaction offices to take its network to 217.

The meeting also voted to retain Le Hung Dung, representing a group of four shareholders who own almost 10.5 per cent of the bank's shares, as chairman.

Until now he was chairman representing the State on the board, but his tenure came to a close following retirement from the Government.

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