A number of joint-stock commercial banks in Ho Chi Minh City reported multi-fold increases in gross profits for the first quarter of this year.
The Asia Commercial Bank (ACB) registered 413 billion VND in pre-tax profits, a 3.75 fold increase year on year. Its deposits rose by 80% and gross assets are valued at over 50.3 trillion VND.
The Saigon Commercial Bank (SACOMBANK) reported a 302 billion VND in pre-tax profits, almost doubling the figure it made in the first quarter of last year. Its gross asset value reached 28.6 trillion VND.
The Viet Nam Export-Import Bank (EXIMBANK) recorded 177 billion VND in gross profits, representing a year-on-year increase of 160%.
The Saigon Commercial Joint-stock Company (SCB) also reported a two-fold increase in gross profits which stood at 65 billion VND.
Source: VNA
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