STB: Vietnam's Sacombank profit soars, opens China office

Vietnam's Sacombank profit soars, opens China office

Sacombank, Vietnam's sixth-largest bank, said it more than doubled its 2007 profit as loans and deposits expanded strongly amid a fast-growing economy and announced it had opened its first office in China.

Bank loans in Vietnam rose 37 percent last year as the economy grew at nearly 8.5 percent -- its fastest pace in just over a decade, after a boost given by World Trade Organisation membership. Sacombank's 2007 gross profit climbed to 1.45 trillion dong . Sacombank Chairman Dang Van Thanh said last month it aimed to raise gross profit this year to 2.5 trillion dong. Assets of the Ho Chi Minh City-based bank more than doubled to 63.48 trillion dong as deposits increased to 54.04 trillion dong, it said in a statement on Tuesday. But the bank said the unaudited results did not include those of its four subsidiaries dealing with debt management, real estate, stock broking and leasing as well as two joint ventures, SacomInvest and VietFund Management. Sacombank, or Saigon Thuong Tin Commercial Bank, on Tuesday opened an office in Nanning, the capital of China's southern province of Guangxi which borders Vietnam, to profit from fast-growing trade between the two neighbours. Its shares, the first to be listed in communist-ruled Vietnam, gained 0.8 percent to close at 63,000 dong on Tuesday. The bank was valued at $1.74 billion, the second-largest company on the Ho Chi Minh Stock Exchange after Vinamilk . The World Bank's International Finance Corp, Dragon Capital and ANZ Bank together own 30 percent of Sacombank, the ceiling for foreign ownership of listed banks in Vietnam. The Vietnam Association of Financial Investors said on Monday it was seeking approval from Prime Minister Nguyen Tan Dung to raise the foreign ownership cap to up to 37 percent in a bid to boost Vietnam's capital markets. Source: Reuters

STB: Sacombank records 2007 profits jump

Sacombank records 2007 profits jump

08/01/2008 -- 7:26 PM

HCM City (VNA) – Sacombank on Jan. 7 reported that its 2007 pre-tax profits had totalled 1.45 trillion VND (90.7 million USD), an increase of 167 percent over the same period in 2006.

Sacombank also reported asset growth of 156 percent, reaching 63.48 trillion VND (3.97 billion USD), with total mobilised capital topping 54.04 trillion VND (3.4 billion USD), up 151 percent against 2006.

The bank’s outstanding loans reached 34.31 trillion VND (2.1 billion USD).-Enditem
(VNagency)

STB: Trading result of an institution

STB: Trading result of an institution
Listed firm: Saigon Thuong Tin Commercial Joint Stock Bank

Stock symbol: STB

Trader: Australia and New Zealand Banking Group Limited

Position in the listed firm: Member of BOD

Owning volume before trading: 43,784,970 shares

Volume registered to buy: 703,172 shares

Bought volume: 703,170 shares

Owning volume after trading: 44,488,140 shares
VSE

STB: Trading Result of a member of BOD

07/01/2008 10:05:00 SA

STB: Trading Result of a member of BOD
Listed firm: Saigon Thuong Tin Commercial Joint Stock Bank

Stock symbol: STB

Trader: Mr. Tran Van Ngoc

Position in the listed firm: Member of BOD

Owning volume before trading: 5,127,032 shares

Volume registered to sell: 1,000,000 shares

Sold volume: 1,000,000 shares

Owning volume after trading: 4,127,032 shares

Trading period: from 11/26/2007 to 12/26/2007
VSE