KienLongBank gains 120b dong pre tax profit

VNStockNews.com - Ending the fiscal year 2009, Kien Long Commercial Joint Stock Bank (KienLongBank) recently announced gaining over 120 billion dong of pre tax profit.

According to Truong Hoang Luong, KienLongBank's general director, his bank's total deposits in 2009 reached 6.286 trillion dong, or 135 percent of the year's target of 4.635 trillion dong, equalling to 241 percent against 2008's figure.

The bank's total outstanding loans reached 4.874 trillion dong, or 107 percent of the year's plan of 4.575 trillion dong, 120.086 billion dong of pre tax profit, achieving 101 percent of the year's target and increasing 135 percent year-on-year.

So far, KienLongBank has opened 17 branches and 44 transaction offices in almost provinces and cities in the Mekong Delta area and key cities and regions nationwide.

The bank targets to have 100 branches and transaction sites nationwide in 2010.