RETAIL BANKING | Cesar Tordesillas, Vietnam

PGBank's deposits near VND14 trillion in 2010

PGBank raised its total deposits in 2010 to 13.995 trillion dong, based on its recently released 2010 annual reports.



This is an increase of 54 % against that of 2009, of which the total raised capital from economic institutions and residents counted for 76.93 % at 10.766 trillion dong.

In terms of credit activities, by the end of 2010, the bank's total outstanding loans were posted at 10.886 trillion dong.

The figure represents an increase of 73.7 % year-on-year, of which short-term loans counted for 66.5 % and medium, long-term loans of 33.5%.

By the end of 2010 fiscal year, the bank's net interest income was estimated at 516.8 billion dong and after tax profit of 218.8 billion dong.

In 2011, PGBank aimed to obtain targeted pre-tax profit of 560.4 billion dong, equalling to 91 percent of the previous year.

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