BaoVietBank targets $9.5M profit

BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.

The lender also planned to raise capital from enterprises and households of US$693.9 billion, up 199 percent year-on-year, and reach outstanding loans of US$526 million, up 195 percent.

In addition, BaoVietBank targeted to obtain whole-year pre-tax profit in 2011 at US$9.5 million, a year-on-year growth of 114 per cent.

The bank expected to expand operation network to 26 branches and transaction offices nationwide.