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RETAIL BANKING | Cesar Tordesillas, Vietnam

Vietnam's WesternBank posts US$7.6 M pre-tax profit

WesternBank pre-tax profit increased by 148 percent year-on-year to VND161 billion or US$7.6 million.



Total asset value reached VND20.5 trillion or $979.7 million, up 118 per cent from 2010.

The bank hopes to expand credit growth by 15 per cent this year, along with a total asset value increase of 15-20 per cent. It also expects profits to jump by 14 per cent during the year.

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