Saigon Thuong Tin Commercial Joint Stock Bank (SACOMBANK) has announced the 2009 profit before tax as follows:
* Sacombank reached VND243 billion of profit before tax in December, 2009 and VND1,901 billion of accumulation profit before tax in 12 months after deducting for provisions of financial investment and risk credit (Excluding consolidated profit of subsidiaries) equivalent to 119% of the 2009 plan.
* In income structure as at December 31, 2009, income from credit was 25.5% and the remains were from service and other incomes. SACOMBANK finished the plan of increasing charter capital from VND5,116 billion to VND6,700 billion. Total mobilized capital reached VND86,335 billion, total loans reached VND55,449 billion and total assets reached VND98,847 billion. To the December 2009, the non-performing loan ratio was 0.69% and total capital surplus and funds reached VND2,095 billion.