VPB - Parent bank drives profit growth; FEC drags earnings - Earnings Flash
  • 30 Jan 2023
  • Company Research
VPB released its results for 2022 with consolidated PBT of VND21.2tn (USD903mn; +48% YoY) vs the parent bank’s PBT of VND24tn, which trails our forecast as it completed only 84% of our FY2022 and implies Q4 2022 consolidated PBT of VND1.4tn (-69% vs Q3 20