TienPhongBank's anticipates pre-tax profit of VD460B

TienPhongBank has approved the 2011 business plan with expected pre-tax profit of 460 billion dong, increasing by 117 percent against the previous year.

In order to realise the year plan, the bank's leaders have set up main targets of concentrating on raising capital in the first markets among households to fulfil the targeted plan of 18 trillion dong, boosting up financial capacity for long-term operation activities of the bank.

TienPhongBank also aims to limit the ratio between bad debt and outstanding loans below 1 percent, and the ratio of medium and long-term outstanding loans over total loans not to surpass 40 percent; the income from non-credit services over total revenue of no more than 25 percent.