STB - NPL surging, lower credit costs pressure in Q2 2024 - Earnings Flash
  • 30 Jul 2024
  • Company Research
STB released its H1 2024 results with TOI of VND14.0tn (USD561mn; +3.6% YoY) and PBT of VND5.3tn (USD214mn; +12.3% YoY), fulfilling 41% and 47% of our respective FY2024 forecasts. Bottom-line growth was broadly in line with our projection due to lower-tha