VietFinanceNews.com - Petrolimex Group Commercial Joint Stock Bank (PG Bank) reported a pretax profit of VND608 billion in 2011, fulfilling 108.5% of its full-year target and doubling its profit in 2010 (VND293 billion).
The lender, as at the end of December, 2011, had total assets of VND17.889 trillion, total deposits of VND10.927 trillion, down 22% from 2010 and total outstanding loans of VND12.112 trillion, up 11% on year.
At present, PG Bank has a network of 74 transaction counters nationwide. This year, the bank plans to open another 38 branches and transaction offices.
