TrustBank targets 80% growth in profit

TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.

The bank's total assets will increase to 28 trillion dong, growing 41.6 percent year-on-year.

The lender also targets to reach 21.9 trillion dong of total deposits, up 19 percent, total outstanding loans at 12 trillion dong, pre-tax profit at 550 billion dong, growing 82 percent against 2010's.

TrusBank intended to develop its network from 103 transaction sites to 117 units this year and control the bad debt at less than 2 percent on total outstanding loans and 9 percent dividend payment.

Additionally, TrustBank plans to establish some subsidiaries such as finance investment company and fund management company.

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