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RETAIL BANKING | Cesar Tordesillas, Vietnam

Navibank posts US$1.064 pre-tax profit in Jan

Navibank announced a US$1.064 pre-tax profit for January 2012.


Till the end of January, the bank’s total deposits from individuals and institutions reached 16.277 trillion dong, rising 7.9 percent from the end of 2011 and total outstanding loans reached nearly 13.255 trillion dong, up 2.6 percent from the end of 2011.

The lender’s total assets till the end of January 2012 reached nearly 23.057 trillion dong, rising 1.6 percent from the end of 2011 and its chartered capital was 3.01 trillion dong.

Reportedly, the lender expects to gain total deposit growth of 33 percent and credit growth at 15 percent this year.

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