nirvanatgr
Joined: 11 May 2011
Posts: 1590
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 Posted: Tue Aug 30, 2011 7:16 am Post subject: Struggling firms not good for banks |
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Commercial banks posted impressive earnings in the first half of this year, though the economy and businesses are in dire straits.
VietinBank, the nation largest partly-private lender by assets, has posted first half pre-tax profits of VND3.62 trillion (US$176 million), or 71 percent of the annual target. Vietcombank, the second largest partly-private lender, has reported first half gross profits of more than VND3 trillion, up 8.2 percent from a year ago.
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