VCB - Upbeat Q1 NIM performance fosters positive 2019 growth - Earnings Flash
  • 2019-04-22T13:57:27
  • Company Research
VCB released strong results for Q1 2019 with NPAT of VND4.7tn (USD202mn, +34.3% YoY), achieving 26% of our full-year 2019 forecast (or 28.8% of full-year 2019 forecast excluding our assumption of the first tranche of one-off bancassurance fee of USD86mn). Annualized Q1 2019 ROA and ROE were 1.8% and 27.5%, respectively.