ACB – 32% pre-tax profit growth target for FY17 announced
ACB – 32% pre-tax profit growth target for FY17 announced
April 12, 2017
■ ACB targets 32% pre-tax profit growth in FY17; its PBT rose 59% yoy in 1Q17.
■ Management aims to finish resolving Kien-related troubled assets in FY17. It also plans to buy back bad debts from VAMC if debt collection goes well.
■ ACB postponed its plans to raise more tier-2 capital and sell treasury shares, as the Basel 2 implementation has been delayed till 2020 as guided by the central bank.
