TPB - Credit growth, rising NIM power top line - Earnings Flash
  • 2020-07-22T17:54:51
  • Company Research
TPB released strong results for H1 2020 with NPAT-MI of VND1.6tn (USD70mn; +25.7% YoY), completing 49.1% of our 2020 full-year forecast. This robust result was primarily driven by remarkable 29.7% YoY growth in net interest income, which outweighed a 49.1% YoY increase in provision expenses. Annualized ROE and ROA were 24.7% and 1.9%, respectively.