Saigon Thuong Tin Commercial Bank, Vietnam’s second-biggest bank by market value, said it expects 2008 pretax profit to rise 25 percent, which analysts say may be boosted by its real estate and stock-trading businesses.
Pretax profit is expected to rise to VND2 trillion (US$124 million) in 2008 from 1.6 trillion last year, the bank, known as Sacombank, said Wednesday.
The company also expects total assets to reach VND93 trillion this year from VND63.5 trillion last year.
Thanhniennews
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