//= get_template_directory_uri() ?>
1H Performance
In 1H2022, VIB reported VND5,023 bn PBT, +27%yoy. NII increased 26%yoy while service income increased by 14%yoy.
The bank lending book grew 9.7%ytd in 1H while customer deposits were maintained well with ytd growth of 13.97%.
VIB continues to stand as the most effective bank in the system in terms of ROE at 30%, stable compared to the 2 latest quarters. Meanwhile, NIM was up to 4.5% from 4.4% and OPEX increased slowly with the CIR ratio decreasing in 1H.
COMMENTS
VIB maintained its momentum in 1H2022. However, profit would be hit in the 2nd haft due to the higher deposit rate and its relatively weaker CASA position. NIM may fall between the 4.3%-4.5% range at the end of the year.
We believe that the bank can get at least 15% credit growth this year and PBT fulfills the target of VND10,000bn, +30%yoy.
In the market, VIB stock is expected to attract more investment from investors and funds since it will officially be in the VN30 basket from August.
24/03/2025
(EN) GTJASVN_Sector Report_Port & Maritime Transport_Positive_21.3.2025_Eng ver
27/02/2025
2025 OUTLOOK The completion of the legal framework governing the real estate sector, marked by the introduction of three amended laws, has played a pivotal...
19/02/2025
INVESTMENT THESIS 1.HAH continuously upgrades its fleet capacity to 26,500 TEU (+50.03% YoY) while maintaining its leading market share (30%) in the container...