(ĐN)- Dong Nai branch of the Viet Nam Commercial Joint Stock Bank for Private Enterprises (VP Bank) is officially inaugurated today at 221, National Highway 15, Tan Tien Ward, Bien Hoa city.
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(ĐN)- Dong Nai branch of the Viet Nam Commercial Joint Stock Bank for Private Enterprises (VP Bank) is officially inaugurated today at 221, National Highway 15, Tan Tien Ward, Bien Hoa city. VP Bank plans to open additional branches in Nghe An, Thanh Hoa, Long An, Kien Giang, Binh Duong, Vung Tau, Hai Duong, Nam Dinh, Bac Ninh, Lang Son, etc and it hopes to increase the number of branches and transaction offices nationwide from 100-120 this year. Besides, it is planning to install an additional 200-300 ATMs and set up VP Bank Fund Management Company in the next time. The bank will strive to raise chartered capital to VND2,000 billion and increase its total assets from VND10,200 billion to VND18,000 billion by the end of 2007. VP Bank is also expected to achieve mobilized capital of VND16,000 billion and a pretax profit of VND250 billion this year. The targets are set to meet the requirements on service quality and bank modernization for the international economic integration.
In 2006, VP Bank hit total mobilized capital of more than VND9,107 billion, exceeding the year’s target by 29% and increasing 61% compared to 2005.
Reported by K.Loan
