Vietnam Export Import Bank

Vietnam Export Import Bank's price/earnings (P/E) fell 1,846% yoy to -336 in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank stock traded at VND 17,800 per share at the end fourth quarter of 2019 implying a market capitalization of USD 944...

Vietnam Export Import Bank's customer deposits rose 7.03% yoy to VND 105,351 bil in 4Q2016

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's customer deposits reached VND 105,351 bil in 2016-12-31, up 2.13% compared to the previous year. V...

Vietnam Export Import Bank's market capitalisation (end of period) rose 26.9% yoy to USD 944 mil in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank stock traded at VND 17,800 per share at the end of fourth quarter of 2019 implying a market capitalization of...

Profit Statement Jun 2019 Sep 2019 Dec 2019
Net Interest Income VND bil 837 760 797
Net Fee Income VND bil 79.1 90.7 134
Other Income VND bil 92.8 440 527
Total Revenues VND bil 1,009 1,291 1,458
Staff Cost VND bil 479 343 395
Operating Profit VND bil 167 606 714
Provisions VND bil -36.4 143 591
Net Profit VND bil 257 272 -16.3
Balance Sheet Jun 2019 Sep 2019 Dec 2019
Interbank Loans VND bil 19,090 18,139 25,858
Customer Loans VND bil 104,955 106,376 112,182
Total Assets VND bil 159,592 158,596 167,538
Shareholders' Equity VND bil 15,503 15,800 15,749
Interbank Borrowing VND bil 11,228 4,635 8,685
Customer Deposits VND bil 129,258 134,467 139,278
Issued Debt Securities VND bil 0 0 0
Ratios Jun 2019 Sep 2019 Dec 2019
ROE % 6.70 6.95 -0.413
ROA % 0.664 0.684 -0.040
Costs (As % Of Assets) % 2.17 1.72 1.83
Costs (As % Of Income) % 83.4 53.0 51.1
Net Interest Margin % 2.16 1.91 1.96
Loans (As % Of Deposits) % 81.2 79.1 80.5
NPLs (As % Of Loans) % 1.77 1.71 1.71
Provisions (As % Of NPLs) % 54.4 57.6 55.5
Valuation Jun 2019 Sep 2019 Dec 2019
Price/Earnings (P/E) 22.4 18.7 -336
Price/Book Value (P/BV) 1.49 1.28 1.39
Earnings Per Share (EPS) VND 837 885 -53.0
Book Value Per Share VND 12,610 12,851 12,810

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summary Unit Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
income statement                                                                                      
Net Interest Income VND bil                                                                         837 803 898 831 837    
Total Revenues VND bil                                                                         1,089 1,069 1,201 1,218 1,009    
Operating Profit VND bil                                                                         435 449 115 425 167    
Net Profit VND bil                                                                         291 170 -250 281 257    
balance sheet                                                                                      
Interbank Loans VND bil                                                                         14,298 16,701 19,051 21,072 19,090    
Customer Loans VND bil                                                                         99,602 97,362 102,971 99,944 104,955    
Debt Securities VND bil                                                                         20,496 19,120 14,916 15,874 18,908    
Total Assets VND bil                                                                         146,795 146,991 152,652 150,715 159,592    
Shareholders' Equity VND bil                                                                         14,979 15,187 14,884 15,236 15,503    
Interbank Borrowing VND bil                                                                         14,234 8,874 16,060 9,780 11,228    
Customer Deposits VND bil                                                                         114,223 119,168 118,694 122,019 129,258    
Issued Debt Securities VND bil                                                                         0 0 0 0 0    
ratios                                                                                      
ROE % ...                                                                       7.84 4.51 -6.66 7.45 6.70    
ROA % ...                                                                       0.801 0.463 -0.669 0.740 0.664    
Costs (As % Of Assets) % ...                                                                       1.80 1.69 2.90 2.09 2.17    
Costs (As % Of Income) %                                                                         60.0 58.0 90.4 65.1 83.4    
Net Interest Margin % ...                                                                       2.31 2.19 2.40 2.19 2.16    
Interest Income (As % Of Revenues) %                                                                         76.9 75.1 74.7 68.2 83.0    
Fee Income (As % Of Revenues) % ... ... ...                                                                   7.27 8.86 7.86 6.52 7.84    
Staff Cost (As % Of Total Cost) % ... ... ... ...   ... ...                                                           60.0 53.3 33.5 55.5 56.9    
Equity (As % Of Assets) %                                                                         10.2 10.3 9.75 10.1 9.71    
Loans (As % Of Deposits) %                                                                         87.2 81.7 86.8 81.9 81.2    
Loans (As % Assets) %                                                                         67.9 66.2 67.5 66.3 65.8    
NPLs (As % Of Loans) % ... ... ... ... ... ...                                                             2.20 2.07 1.85 1.88 1.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ...                                                             54.4 59.6 55.8 56.5 54.4    
valuation                                                                                      
Market Capitalisation (End Of Period) USD mil ... ...                                                                     777 746 744 933 992    
Number Of Shares (Average) mil ... ... ... ... ... ... ...                                                           1,229 1,229 1,229 1,229 1,229    
Share Price (End Of Period) VND ... ...                                                                     14,500 14,150 14,050 17,600 18,800    
Earnings Per Share (EPS) VND ... ... ... ... ... ... ...                                                           946 553 -815 913 837    
Book Value Per Share VND ... ... ... ... ... ... ...                                                           12,183 12,353 12,106 12,393 12,610    
Price/Earnings (P/E) ... ... ... ... ... ... ...                                                           15.3 25.6 -17.2 19.3 22.4    
Price/Book Value (P/BV) ... ... ... ... ... ... ...                                                           1.19 1.15 1.16 1.42 1.49    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ...                                                   61.8 250 -157 -36.9 -11.5    
Book Value Per Share Growth % ... ... ... ...                                                                 8.95 10.2 4.44 3.76 3.50    
income statement Unit Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
income statement                                                                                      
Interest Income VND bil                                                                         2,451 2,530 2,686 2,617 2,803    
Interest Cost VND bil                                                                         1,614 1,727 1,788 1,786 1,966    
Net Interest Income VND bil                                                                         837 803 898 831 837    
Net Fee Income VND bil ... ... ...                                                                   79.2 94.7 94.4 79.4 79.1    
Other Income VND bil ... ... ...                                                                   173 171 209 308 92.8    
Total Revenues VND bil                                                                         1,089 1,069 1,201 1,218 1,009    
Staff Cost VND bil ... ... ... ...   ... ...                                                           392 331 363 439 479    
Operating Cost VND bil                                                                         654 620 1,086 792 842    
Operating Profit VND bil                                                                         435 449 115 425 167    
Provisions VND bil                                                                         19.6 151 402 -6.95 -36.4    
Extra and Other Cost VND bil                                                                         56.5 83.5 27.6 82.0 -118    
Pre-Tax Profit VND bil                                                                         359 215 -314 350 321    
Tax VND bil                                                                         68.2 44.9 -63.6 69.8 64.0    
Minorities VND bil                                                                         0 0 0 0 0    
Net Profit VND bil                                                                         291 170 -250 281 257    
growth rates                                                                                      
Net Interest Income Growth % ... ... ... ...                                                                 21.7 34.5 9.62 -30.1 0.041    
Net Fee Income Growth % ... ... ... ... ... ... ...                                                           -3.28 18.3 -1.08 1.31 -0.144    
Total Revenue Growth % ... ... ... ...                                                                 16.7 15.9 -9.21 -14.7 -7.32    
Operating Cost Growth % ... ... ... ...                                                                 5.78 9.92 55.6 23.2 28.8    
Operating Profit Growth % ... ... ... ...                                                                 38.0 25.4 -81.6 -45.7 -61.6    
Pre-Tax Profit Growth % ... ... ... ...                                                                 67.9 259 -157 -37.4 -10.5    
Net Profit Growth % ... ... ... ...                                                                 61.8 250 -157 -36.9 -11.5    
balance sheet Unit Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
balance sheet                                                                                      
Cash VND bil                                                                         5,496 6,422 8,768 6,473 10,045    
Interbank Loans VND bil                                                                         14,298 16,701 19,051 21,072 19,090    
Customer Loans VND bil                                                                         99,602 97,362 102,971 99,944 104,955    
Retail Loans VND bil ... ... ... ... ... ...   ... ... ...   ... ... ...   ... ... ... ... ...   ...   ... ... ...   ...   ...   ...   ...   ... ... ... 56,444 ... 57,344 ... ...
Corporate Loans VND bil ... ... ... ... ... ...   ... ... ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ... ... ... 47,377 ... 48,362 ... ...
Debt Securities VND bil                                                                         20,496 19,120 14,916 15,874 18,908    
Fixed Assets VND bil                                                                         805 782 3,251 852 3,198    
Total Assets VND bil                                                                         146,795 146,991 152,652 150,715 159,592    
Shareholders' Equity VND bil                                                                         14,979 15,187 14,884 15,236 15,503    
Of Which Minority Interest VND bil                                                                         0 0 0 0 0    
Liabilities VND bil                                                                         131,816 131,804 137,769 135,479 144,088    
Interbank Borrowing VND bil                                                                         14,234 8,874 16,060 9,780 11,228    
Customer Deposits VND bil                                                                         114,223 119,168 118,694 122,019 129,258    
Sight Deposits VND bil                                                                         14,643 15,470 17,367 15,375 15,255    
Term Deposits VND bil                                                                         98,679 102,980 100,701 105,992 113,351    
Issued Debt Securities VND bil                                                                         0 0 0 0 0    
asset quality                                                                                      
Non-Performing Loans VND bil                                                                         2,217 2,038 1,921 1,895 1,875    
Gross Loans VND bil ... ... ... ... ... ...                                                             100,807 98,577 104,043 101,016 105,974    
Total Provisions VND bil ... ... ... ... ... ...                                                             1,205 1,215 1,071 1,071 1,020    
growth rates                                                                                      
Customer Loan Growth % ... ... ... ...                                                                 12.6 2.98 2.70 0.447 5.37    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...   ... ... ...   ... ... ... ... ... ... ... ... ... ... ...   ... ... ...   ...   ...   ... ... ... 16.2 ... ... ... ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...   ... ... ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ...   ... ... ... -10.1 ... ... ... ...
Total Asset Growth % ... ... ... ...                                                                 8.04 6.25 2.20 4.93 8.72    
Shareholders' Equity Growth % ... ... ... ...                                                                 8.95 10.2 4.44 3.76 3.50    
Customer Deposit Growth % ... ... ... ...                                                                 -1.68 2.47 -1.53 8.14 13.2    
market share                                                                                      
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                                   ... ... ... ... ... ... ... ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... ... ...
ratios Unit Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
ratios                                                                                      
ROE % ...                                                                       7.84 4.51 -6.66 7.45 6.70    
ROA % ...                                                                       0.801 0.463 -0.669 0.740 0.664    
Costs (As % Of Assets) % ...                                                                       1.80 1.69 2.90 2.09 2.17    
Costs (As % Of Income) %                                                                         60.0 58.0 90.4 65.1 83.4    
Net Interest Margin % ...                                                                       2.31 2.19 2.40 2.19 2.16    
Interest Spread % ...                                                                       1.80 1.65 1.86 1.67 1.60    
Asset Yield % ...                                                                       6.75 6.89 7.17 6.90 7.23    
Cost Of Liabilities % ...                                                                       4.95 5.24 5.31 5.23 5.62    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Interest Income (As % Of Revenues) %                                                                         76.9 75.1 74.7 68.2 83.0    
Fee Income (As % Of Revenues) % ... ... ...                                                                   7.27 8.86 7.86 6.52 7.84    
Other Income (As % Of Revenues) % ... ... ...                                                                   15.9 16.0 17.4 25.3 9.19    
Cost Per Employee USD per month ... ... ... ...   ... ...   ...                 ...                                     974 804 867 1,051 1,123    
Cost Per Employee (Local Currency) VND per month ... ... ... ...   ... ...   ...                 ...                                     21,964,400 18,235,800 19,746,700 24,074,800 25,861,500    
Staff Cost (As % Of Total Cost) % ... ... ... ...   ... ...                                                           60.0 53.3 33.5 55.5 56.9    
Equity (As % Of Assets) %                                                                         10.2 10.3 9.75 10.1 9.71    
Loans (As % Of Deposits) %                                                                         87.2 81.7 86.8 81.9 81.2    
Loans (As % Assets) %                                                                         67.9 66.2 67.5 66.3 65.8    
NPLs (As % Of Loans) % ... ... ... ... ... ...                                                             2.20 2.07 1.85 1.88 1.77    
Provisions (As % Of NPLs) % ... ... ... ... ... ...                                                             54.4 59.6 55.8 56.5 54.4    
Provisions (As % Of Loans) % ... ... ... ... ... ...                                                             1.21 1.25 1.04 1.07 0.971    
Cost of Provisions (As % Of Loans) % ...                                                                       0.079 0.612 1.60 -0.027 -0.142    
other data Unit Jun 2009 Sep 2009 Dec 2009 Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Jun 2011 Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013 Sep 2013 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
other data                                                                                      
Employees ...               ...                 ...                                     5,956 6,047 6,136 6,082 6,174    
Sight (As % Of Customer Deposits) %                                                                         12.8 13.0 14.6 12.6 11.8    
Return on Loans % ...                                                                       1.23 1.36 0.654 0.484 0.447    
Operating Profit (As % of Loans) % ... ... ...                                                                   2.21 2.33 1.78 1.40 1.13    
Costs (As % Of Loans) % ...                                                                       2.60 2.64 3.01 3.15 3.30    
Equity (As % Of Loans) %                                                                         15.0 15.6 14.5 15.2 14.8    

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Vietnam Export Import Bank's npls (as % of loans) fell 7.55% yoy to 1.71% in 4Q2019

By Helgi Library - March 4, 2020

Vietnam Export Import Bank's non-performing loans reached 1.71% of total loans at the end of 2019-12-31, down from 1.85% compared to the previous year. Historically, the NPL ratio hit an all time high of 5.30% in 2016-06-30 and an all time low of 1.33% in 2013-03...

Vietnam Export Import Bank's net profit rose 93.5% yoy to VND -16.3 bil in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank made a net profit of VND -16.3 bil in the fourth quarter of 2019, up 93.5% when compared to the same period of last year. This implies a return on equity of -0.413%. Historically, the bank’s net profit reached an all time high of VND 1,...

Vietnam Export Import Bank's net interest margin fell 18.4% yoy to 1.96% in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's net interest margin amounted to 1.96% in the fourth quarter of 2019, up from 1.91% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.16% in 4Q2011 and an all time lo...

Vietnam Export Import Bank's net interest income fell 11.2% yoy to VND 797 bil in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank generated total banking revenues of VND 1,458 bil in the fourth quarter of 2019, up 21.4% when compared to the same period of last year and 12.9% when compared to the previous quarter. Historically, the bank’s revenues containing of...

Vietnam Export Import Bank's customer loan growth rose 232% yoy to 8.94% in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's customer loan growth reached 8.94% in 2019-12-31, up from 2.70% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 82.7% in 2011-03-31 and an all time low of -8.59% in 2012-09-30. ...

Vietnam Export Import Bank's equity (as % of assets) fell 3.59% yoy to 9.40% in 4Q2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's Equity reached 9.40% of total assets in the 4Q2019, down from 9.75% for the previous year. As a share of net customer loans, the ratio amounted to 14.0% at the end of the fourth quarter of 2019. ...

Vietnam Export Import Bank's net interest margin fell 18.4% yoy to 2.01% in 2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's net interest margin amounted to 2.01% in 2019, down from 2.47% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.47% in 2009 and an all time low of 1.70% in 2013. The a...

Vietnam Export Import Bank's net profit rose 21.2% yoy to VND 794 bil in 2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank made a net profit of VND 794 bil in 2019, up 21.2% compared to the previous year. This implies a return on equity of 5.18%. Historically, the bank’s net profit reached an all time high of VND 3,039 bil in 2011 and an all time low of ...

Vietnam Export Import Bank's npls (as % of loans) fell 7.55% yoy to 1.71% in 2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank's non-performing loans reached 1.71% of total loans at the end of 2019, down from 1.85% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.71% in 2008 and an all time low of 0.845% in 2006. Provis...

Vietnam Export Import Bank's price/earnings (P/E) rose 4.55% yoy to 27.6 in 2019

By Helgi Library - March 1, 2020

Vietnam Export Import Bank stock traded at VND 17,800 per share at the end 2019 implying a market capitalization of USD 944 mil. Since the end of 2014, the stock has appreciated by 39.1 % implying an annual average growth of 6.82 %. In absolute terms, the value of the...

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