Habubank posts 2010 gross profit of $28.5M

Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.

The bank’s service segment posted a profit of over US$5.46 million while foreign currency exchange operations posted a loss of over US$718.4 thousand year on year from US$1.532 million profit in 2009.

Habubank’s combined after tax profit was US$28.5 million, rising 46 per cent year on year

Total deposits reached US$799 million as of December 31, 2010, a year on year rise of 18 per cent, the total deposits and loans at other credit institutions at US$334 million and total outstanding loans to customers at US$794.5 million, up 20 per cent from 2009.