ACB reports 1.2tr dong profit from securities investment in 2007

Saturday, May 10, 2008
Up to December 31, 2007, Asia Commercial Joint Stock Bank (ACB)'s total securities investment capital was over 9.636 trillion dong including more than 8.474 trillion dong invested in bonds (T-bills, G-bonds, state commercial banks' bills of exchange and bonds, electricity bonds), 4.8 billion dong invested in Nha Be Garment Co's corporate bonds and the remaining 1.178 trillion dong invested in shares.
The bank's vice chair Nguyen Duc Kien said that, the share investment capital of nearly 1.178 trillion dong accounted fro 2.8% of total investment portfolio and lending, and only 1.38% of its total asset of 101 trillion dong.
Last year ACB also earned about 1.2 trillion dong profit from share investment and withdrew all securities investment items so far within 2007 already.