Vietnam Sacombank's 11-Mth Profit Soars 187 Pct
HANOI (Reuters) - Sacombank STB.HM, Vietnam's sixth-largest lender, said its 11-month gross profit soared 187 percent from a year ago to 1.35 trillion dong ($83.8 million) thanks to a rise of 125 percent in lending.
Total assets rose 147 percent at the end of November from a year earlier to 57.6 trillion dong ($3.6 billion), the bank said in a statement seen on Monday.
Sacombank, or Saigon Thuong Tin Commercial Bank, said its outstanding loans soared to 29.8 trillion dong ($1.8 billion) in the period between January and November, when it raised 47.3 trillion dong ($2.9 billion) in deposits.
Shares in Sacombank, the first listed bank in the communist-ruled country, edged up 0.74 percent to close at 68,500 dong ($4.25) last Friday.
The World Bank's International Finance Corp, Dragon Capital and ANZ Bank (ANZ.AX) together own 30 percent of Sacombank, the ceiling for foreign ownership of listed banks in Vietnam.
($1=16,119 dong)
(Reporting by Ho Binh Minh; Editing by Valerie lee)
