KienLongBank anticipates VND405B pretax profit

KienLongBank approved the 2011 year plan with targeted pre-tax profit of 405-506 billion dong, and dividend payment of 8-10 percent.

Accordingly, the bank expected to raise total assets value to 17.6 trillion dong, total deposit of 13.6 trillion dong and

Last year, KienLongBank reported gaining pre-tax profit of 258.5 billion dong, after tax profit of 195.34 billion dong, total asset value of 12.628 trillion dong, ownership capital of 3.012 trillion dong. The bank had total deposit of 9.217 trillion dong, outstanding loans of 7.008 trillion dong and bad debt ratio of 1.11 percent over total outstanding loans.