Wednesday, October 26 2016


Nam A Bank profit up by more than double

Update: May, 16/2015 - 10:14
Transactions are carried out at Nam A Bank. The bank earns $143 million in Q1 profit. — Photo

HA NOI  (VNS) — Nam A Bank earned VND3 billion (US$142.86 million) in pre-tax profit during the first quarter of this year, nearly 2.5 times more than its figures for last year's Q1.

This was achieved without extracting any provisional funds during the quarter, the bank said in its latest financial report.

Nam A Bank's net revenue expanded 65 per cent at VND198 billion ($9.43 million) during Q1. Except for securities trading suffering a loss of VND11 billion, other financial norms posted healthy growth, the report said. — VNS

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