TienPhongBank’s earnings after tax hit 40 billion VNDs in the first quarter of 2009
Ending the first quarter of 2009, TienPhongBank’s earnings after tax hit 40 billion VNDs, which is equivalent to 32% of the planned profit for 2009.
•
04/05/2009
As a result, the total asset increase 24%, from nearly 2500 billion to over 3000 billion; loans increase 112%, from 275 billion VNDs to over 583 billion VNDs.
The number of newly issued ATM cards in the first quarter was approximately 3000 cards; the number of Internet Banking registrations was about 2500, which represented a 69% and 61% growth respectively when compared with the last three months of 2008.
Currently, TienPhongBank continues to undertake that it will not charge ATM fees during 2009. Simultaneously, TienPhongBank has changed the interest rate calculation for credit loans from basing on first debt to basing on gradually reducing debt to maximize the clarity in customers’ debt payment.
