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
Wednesday, July 11, 2007
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