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 thefirst nine months of this year, a year-on-year rise of 89.5 percent, the bankreported.
Its assets were worth 450.2 trillion VND (19.4 billion USD), up 10.9 percentsince the beginning of the year.
It had deposits of nearly 408.9 trillion VND (17.6 billion USD) at the end ofSeptember and outstanding loans of more than 290.9 trillion VND (12.5 billionUSD), year-on-year increases of 14.4 percent and 13.1 percent respectively.
Sacombank’s revenue sources continued to grow steadily during the period. Totalnet revenue grew 36.5 percent year-on-year to 10.86 trillion VND, with netinterest income accounting for 7.41 trillion VND, an increase of 34.1 percent.
Other areas also saw impressive growth, with earnings from services and foreignexchange trading growing by 21.1 percent and 35 percent to 2.13 trillion VNDand 422 billion VND./.
VNA
