ABBank reports 2007 performance

Thursday, May 15, 2008
An Binh Commercial Joint Stock Bank (ABBank) reported that last year, the bank reached 325.36 billion dong in net revenue, rising 248.7 billion dong year-on-year, 421.54 billion dong in total operational turnover, up 300.9 billion dong or 249% yoy and 275.276 billion dong in net profit from business.

Meanwhile, it also gained 161.75 billion dong in after-tax profit after paying the current CIT of 69.017 billion dong, a year-on-year increase of 178% or 103.6 billion dong and EPS of 1,219 dong against the face value of 10,000 dong.

Formed in May 1993 with the initial chartered capital of one billion dong, the bank raised the figure to 2.3 trillion dong by the last year end.

As announced, ABBank will pay a 2007 dividend of 10.34% (1,034 dong per share), including 4.95% in cash paid on April 28, 2008 and the remaining 5.39% will be paid in the fourth quarter of this year to hike chartered capital.

The bank spent total 146.269 billion dong on operation costs.