Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) yesterday said that it handled VND2,520 billion(US$111 million) of bad debt and set aside VND5,044 billion ($222 million) for credit risk provision in the first seven months this year.
(Photo: Sacombank)
The bank’s growth was stable and satisfactory in the first seven months, it said.
Pre-tax profit of Sacombank in July was VND175 billion, taking seven months’ number to VND754 billion ($33.17 million). It might top VND1 trillion at the end of this year.
