Sacombank’s profit up 89.5 percent year-on-year
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit 2.491 trillion VND (102.21 million USD) in the first nine months of this year, a year-on-year rise of 89.5 percent, the bank reported.
Sacombank's pre-tax profit hits 2.491 trillion VND (102.21 million USD) in the first nine months of this year. (Photo: Sacombank)HCM City (VNA) – The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit 2.491 trillion VND (102.21 million USD) in the first nine months of this year, a year-on-year rise of 89.5 percent, the bank reported.
Its assets were worth 450.2 trillion VND (19.4 billion USD), up 10.9 percent since the beginning of the year.
It had deposits of nearly 408.9 trillion VND (17.6 billion USD) at the end of September and outstanding loans of more than 290.9 trillion VND (12.5 billion USD), year-on-year increases of 14.4 percent and 13.1 percent respectively.
Sacombank’s revenue sources continued to grow steadily during the period. Total net revenue grew 36.5 percent year-on-year to 10.86 trillion VND, with net interest income accounting for 7.41 trillion VND, an increase of 34.1 percent.
Other areas also saw impressive growth, with earnings from services and foreign exchange trading growing by 21.1 percent and 35 percent to 2.13 trillion VND and 422 billion VND./.
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