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Struggling firms not good for banks

 
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nirvanatgr



Joined: 11 May 2011
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PostPosted: Tue Aug 30, 2011 7:21 am    Post subject: Struggling firms not good for banks Reply with quote

Commercial banks posted impressive earnings in the first half of this year, though the economy and businesses are in dire straits.

VietinBank, the nation largest partly-private lender by assets, has posted first half pre-tax profits of VND3.62 trillion (US$176 million), or 71 percent of the annual target. Vietcombank, the second largest partly-private lender, has reported first half gross profits of more than VND3 trillion, up 8.2 percent from a year ago.
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