DongA Bank (EAB) reports performance

Friday, May 2, 2008
Eastern Commercial Joint Stock Bank (DongA Bank - EAB) was formed in July 1992 with the initial chartered capital of 20 billion dong that now has been risen to 1.6 trillion dong. This year the bank will issue 180 million shares at 10,000 dong par to hike the chartered capital to 3.4 trillion dong.

Up to the end of last year, the bank issued over 1.8 million cards with nearly 900 ATMs and 1,500 payment points nationwide.

Big shareholders of the bank are HCM City's financial administration committee, PNJ, Phu Nhuan Housing Construction and Trading Co, Viet Tien Garment Corp, Sabeco, and Sasco. In addition, EAB has two members including EAB Securities Co and EAB Overseas Remittance Co.

By the last year end, EAB's total operational capital reached 26.961 trillion dong, a rise of 23% year-on-year, in which the credit capital accounted for 3.141 trillion dong. Total deposit attained 21.516 trillion dong while its outstanding loans totalled at 18.010 trillion dong and total pre-tax profit was estimated at 454 billion dong, growing by 126% yoy.

In 2008, EAB targets to reach 40 trillion dong in total operational capital, 26.5 trillion dong in deposit balance and 700 billion dong in pre-tax profit.