Sacombank Group to debut next month

Wednesday, April 16, 2008
Sacombank Group plans to maker its debut next month and specialise in the field of finance services, said Dang Van Thanh, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)'s director board's chief.
As reported, Sacombank received license to set up Jewellery Co and plans to introduce card joint venture Co with ANZ in the forthcoming time. Its insurance arm will be launched by 2009.
Up to March 31, 2008, Sacombank's total asset reached 75.2 trillion dong, total deposits 65.348 trillion dong and lending 41.666 trillion dong. Its ownership capital gained 6.314 trillion dong.
At present, Sacombank has established arms of securities, real estate and financial leasing. (DTCK)