Monday 12, December 2016 by Jessica Combes

Venture Capital Bank reports year end net profit of $9.3 million

Venture Capital Bank BSC (c) (VCBank) reported a net profit of $9.3 million for the year ended 30 June 2016, down 34 per cent from $14.1 million for the previous year. In the last quarter of the financial year the Bank earned a net profit of $16 million, up 32 per cent from $12.1 million in the corresponding quarter in the prior year.

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