ABBANK records profit of VND 30.9 billion in May

16/06/2009 08:06:42 - views: 2,760

By the end of May 2009, An Binh Bank (ABBANK) had seen a satisfactory result with the before tax profit of VND 144.6 billion. Particularly in May 2009, the before tax profit was VND 30.9 billion, a 19% increase compared to that of a month before.

In the 2009’s Shareholder’s Meeting, ABBANK has approved some basic targets that the total asset should reach more than VND 19,000 billion, a 41% increase compared to that of late 2008; debit balance should be over VND 10,000 billion, a 60% year-on-year rise, the total raised capital should reach over VND 11,000 billion, a 55% year-on year increase and the before tax profit should be about VND 400 billion.

In May and June 2009, ABBANK has inaugurated one more branch in Hai Phong and three transaction offices in Cai Rang which belongs to Can Tho branch and Phan Chu Trinh transaction office which belongs to Da Nang branch. On June 3, ABBANK officially opened Dao Tan transaction office at No.33 Dao Tan Street, Ngoc Khanh Commune, Ba Dinh District, Hanoi. This is the seventeenth transaction office in Hanoi. Then, ABBANK has now has 75 branches/ transaction offices all over the country. In 2009, ABBANK plans to upgrade 24 transaction offices to branches and opens 20 more new transaction offices/ branches.

Along with raising the financial competent, developing secure, flexible and effective services and expanding the network, ABBANK is about to complete the planned target in this year.

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