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RETAIL BANKING | Cesar Tordesillas, Vietnam

Navibank earns profit of $1.99 M in first two months

Navibank posted a pre-tax profit of US$1.999 million for thefirst two months of 2012, up 9.1 percent against the end of 2011.


The bank’s total assets value was posted at 24.139 trillion dong, up 6 percent, outstanding loans of 14.091 trillion dong, up 9.1 percent and total deposit of 19.944 trillion dong, up 7.4 percent in comparison with late 2011.

Navibank estimates to gain pre-tax profit of 41.7 billion dong in the first two months of 2011, fulfilling 13.9 percent of the targeted year plan This year, the company expects to reach whole year pre-tax profit of 300 billion dong and total asset value of 30 trillion dong.

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