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Navibank expects 450b dong pre tax profit in 2011

Nam Viet Commercial Joint Stock Bank (Navibank) has said that it would organise the annual shareholders’ meeting on April 15 in HCM City to pass this year business target.

Accordingly, in 2011, the lender expects to gain 450 billion dong of pre tax profit (the figure was over 209 billion dong in 2010).

To gain this target, the bank will have to reach the high credit growth of up to 77 percent.

Navibank said that if the bank’s credit growth is controlled at below 20 percent, its pre tax profit would be only 276 billion dong in 2011.

From VietNamBusiness

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