OTC Market News

SCB achieves 517b dong of short-term outstanding loans in H1   2009-07-14 - VNSN

Saigon Commercial Joint Stock Bank (SCB) has announced its business report for the first six months of this year on July 11.

In details, the bank's total asset value up to June 30 was posted at 43.325 trillion dong, increasing 33.55 percent year-on-year; the average chartered capital of SCB's funds of 3.537 trillion dong; total raising capital of 37.654 trillion dong and outstanding loans of over 27 trillion dong.

Recently, following the guidelines of the country's government and HCM City People's Committee about carrying out demands stimulating packages via offering loans with supporting interest rates, SCB has quickly issued the procedures for applying loans with supporting interest rates for all the customers. As the results, the bank's accumulative short-term outstanding loans up to the end of June 2009 was posted at 517 billion dong, with the monthly increasing rate of 40 percent; total interest gained from offered loans to the customers of 2.6 billion dong, and outstanding loans with supporting interest rates for medium and long terms of 28.6 billion dong.