24 Oct 2010

OceanBank earns 520b dong pre tax profit

Ending first nine months of this year, Ocean Commercial Joint Stock Bank (OceanBank) made a gain of 520 billion dong in pre tax profit after making risk provision.

The bank posted 50.151 trillion dong in total its asset value, soaring 200 percent year – on – year, 14.663 trillion dong outstanding credit.

The State Bank has approved to raise its chartered capital to 5 trillion dong from 3 trillion dong via two phases of issuance with 150 million each.

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