Wednesday, July 11, 2007

Techcombank says H1 loans soar 40 pct

Technological and Commercial Bank, Vietnam's seventh largest, said on Wednesday its loans soared 40 percent during the first half of this year to 12.32 trillion dong ($763.7 million).

Its January to June gross profit was 314.8 billion dong ($19.5 million), the bank said in a statement which did not say what its net profit was or give a comparative figure for the first half of 2006.
Its gross profit last year rose 24.7 percent from 2005 to 357 billion dong.

Last week, the unlisted Hanoi-based bank became the first bank in Vietnam to win central bank permission to expand foreign ownership to 15 percent by selling another 5 percent stake to HSBC Holdings Plc.

Source: Reuters

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