By Helgi Library - March 4, 2020
Asia Commercial Bank made a net profit of VND 1,549 bil under revenues of VND 5,096 bil in the fourth quarter of 2019, up 13.5% and ...
By Helgi Library - March 4, 2020
Asia Commercial Bank made a net profit of VND 1,549 bil under revenues of VND 5,096 bil in the fourth quarter of 2019, up 13.5% and ...
By Helgi Library - March 4, 2020
Asia Commercial Bank's customer deposits reached VND 207,051 bil in 2016-12-31, up 2.81% compared to the previous year. Vietnam...
| Profit Statement | 2017 | 2018 | 2019 | |
| Net Interest Income | VND bil | 8,494 | 10,390 | 12,141 |
| Net Fee Income | VND bil | 1,188 | 1,498 | 1,896 |
| Other Income | VND bil | 2,204 | 2,881 | 2,918 |
| Total Revenues | VND bil | 11,886 | 14,768 | 16,956 |
| Staff Cost | VND bil | 2,669 | 3,221 | 3,763 |
| Operating Profit | VND bil | 5,608 | 7,918 | 8,602 |
| Provisions | VND bil | 2,565 | 932 | 274 |
| Net Profit | VND bil | 2,118 | 5,137 | 5,997 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Interbank Loans | VND bil | 8,942 | 18,770 | 30,342 |
| Customer Loans | VND bil | 196,669 | 227,983 | 266,165 |
| Total Assets | VND bil | 284,316 | 329,333 | 383,514 |
| Shareholders' Equity | VND bil | 16,031 | 21,018 | 27,753 |
| Interbank Borrowing | VND bil | 16,138 | 24,662 | 20,563 |
| Customer Deposits | VND bil | 241,393 | 269,998 | 308,129 |
| Issued Debt Securities | VND bil | 6,214 | 7,581 | 19,673 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 14.1 | 27.7 | 24.6 |
| ROA | % | 0.818 | 1.67 | 1.68 |
| Costs (As % Of Assets) | % | 2.42 | 2.23 | 2.34 |
| Costs (As % Of Income) | % | 52.8 | 46.4 | 49.3 |
| Capital Adequacy Ratio | % | 11.5 | ... | ... |
| Net Interest Margin | % | 3.28 | 3.39 | 3.41 |
| Loans (As % Of Deposits) | % | 81.5 | 84.4 | 86.4 |
| NPLs (As % Of Loans) | % | 0.700 | 0.727 | 0.539 |
| Provisions (As % Of NPLs) | % | 133 | 152 | 175 |
| Valuation | 2017 | 2018 | 2019 | |
| Price/Earnings (P/E) | 18.5 | 7.40 | 6.40 | |
| Price/Book Value (P/BV) | 2.27 | 1.76 | 1.34 | |
| Dividend Yield | % | 0 | 0 | ... |
| Earnings Per Share (EPS) | VND | 1,214 | 3,076 | 3,560 |
| Book Value Per Share | VND | 9,888 | 12,964 | 17,058 |
| Dividend Per Share | VND | 0 | 0 | ... |
Get all company financials in excel:
| summary | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||||
| Net Interest Income | VND bil | 4,638 | 4,788 | 5,905 | 6,917 | 8,494 | |||||||||||
| Total Revenues | VND bil | 5,921 | 6,364 | 6,529 | 7,903 | 11,886 | |||||||||||
| Operating Profit | VND bil | 2,116 | 2,443 | 2,474 | 3,214 | 5,608 | |||||||||||
| Net Profit | VND bil | 826 | 952 | 1,028 | 1,325 | 2,118 | |||||||||||
| balance sheet | |||||||||||||||||
| Interbank Loans | VND bil | 7,216 | 4,559 | 10,122 | 8,152 | 8,942 | |||||||||||
| Customer Loans | VND bil | 105,642 | 114,745 | 133,807 | 161,604 | 196,669 | |||||||||||
| Debt Securities | VND bil | 35,264 | 41,676 | 39,048 | 44,385 | 54,400 | |||||||||||
| Total Assets | VND bil | 166,599 | 179,610 | 201,457 | 233,681 | 284,316 | |||||||||||
| Shareholders' Equity | VND bil | 12,504 | 12,397 | 12,788 | 14,063 | 16,031 | |||||||||||
| Interbank Borrowing | VND bil | 9,938 | 6,151 | 7,627 | 2,759 | 16,138 | |||||||||||
| Customer Deposits | VND bil | 138,111 | 154,614 | 174,919 | 207,051 | 241,393 | |||||||||||
| Issued Debt Securities | VND bil | 3,302 | 3,261 | 3,222 | 6,214 | 6,214 | |||||||||||
| ratios | |||||||||||||||||
| ROE | % | ... | 6.58 | 7.64 | 8.17 | 9.87 | 14.1 | ||||||||||
| ROA | % | ... | 0.482 | 0.550 | 0.540 | 0.609 | 0.818 | ||||||||||
| Costs (As % Of Assets) | % | ... | 2.22 | 2.27 | 2.13 | 2.16 | 2.42 | ||||||||||
| Costs (As % Of Income) | % | 64.3 | 61.6 | 62.1 | 59.3 | 52.8 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 14.7 | 14.1 | 12.8 | 13.2 | 11.5 | ... | ... | ||
| Net Interest Margin | % | ... | 2.71 | 2.77 | 3.10 | 3.18 | 3.28 | ||||||||||
| Interest Income (As % Of Revenues) | % | 78.3 | 75.2 | 90.4 | 87.5 | 71.5 | |||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 9.98 | 10.9 | 11.4 | 11.9 | 10.00 | ||||||||
| Staff Cost (As % Of Total Cost) | % | 41.2 | 44.4 | 49.3 | 49.2 | 42.5 | |||||||||||
| Equity (As % Of Assets) | % | 7.51 | 6.90 | 6.35 | 6.02 | 5.64 | |||||||||||
| Loans (As % Of Deposits) | % | 76.5 | 74.2 | 76.5 | 78.1 | 81.5 | |||||||||||
| Loans (As % Assets) | % | 63.4 | 63.9 | 66.4 | 69.2 | 69.2 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 3.03 | 2.18 | 0.224 | 0.238 | 0.700 | ||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 47.7 | 62.3 | 508 | 462 | 133 | ||||||||
| valuation | |||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | 682 | 646 | 789 | 762 | 1,602 | ||||||||
| Number Of Shares (Average) | mil | ... | ... | 1,680 | 1,651 | 1,621 | 1,621 | 1,621 | |||||||||
| Share Price (End Of Period) | VND | ... | ... | ... | 8,624 | 8,513 | 10,946 | 10,702 | 22,438 | ||||||||
| Earnings Per Share (EPS) | VND | ... | ... | 480 | 564 | 628 | 715 | 1,214 | |||||||||
| Book Value Per Share | VND | ... | ... | 7,442 | 7,510 | 7,887 | 8,674 | 9,888 | |||||||||
| Dividend Per Share | VND | ... | ... | ... | 387 | 387 | 0 | 0 | 0 | ... | |||||||
| Price/Earnings (P/E) | ... | ... | ... | 18.0 | 15.1 | 17.4 | 15.0 | 18.5 | |||||||||
| Price/Book Value (P/BV) | ... | ... | ... | 1.16 | 1.13 | 1.39 | 1.23 | 2.27 | |||||||||
| Dividend Yield | % | ... | ... | ... | 4.49 | 4.55 | 0 | 0 | 0 | ... | |||||||
| Earnings Per Share Growth | % | ... | ... | ... | 30.3 | 17.6 | 11.3 | 13.8 | 69.8 | ||||||||
| Book Value Per Share Growth | % | ... | 0.023 | 0.910 | 5.03 | 9.97 | 14.0 |
| income statement | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | |||||||||||||||||
| Interest Income | VND bil | 15,457 | 13,725 | 14,103 | 16,473 | 20,356 | |||||||||||
| Interest Cost | VND bil | 10,819 | 8,937 | 8,198 | 9,556 | 11,862 | |||||||||||
| Net Interest Income | VND bil | 4,638 | 4,788 | 5,905 | 6,917 | 8,494 | |||||||||||
| Net Fee Income | VND bil | ... | ... | ... | 591 | 694 | 745 | 944 | 1,188 | ||||||||
| Other Income | VND bil | ... | ... | ... | 692 | 881 | -121 | 42.3 | 2,204 | ||||||||
| Total Revenues | VND bil | 5,921 | 6,364 | 6,529 | 7,903 | 11,886 | |||||||||||
| Staff Cost | VND bil | 1,568 | 1,741 | 1,999 | 2,309 | 2,669 | |||||||||||
| Depreciation | VND bil | ... | ... | ... | ... | ... | ... | ... | 193 | 204 | 210 | 245 | ... | ||||
| Other Cost | VND bil | ... | ... | ... | ... | ... | ... | ... | 1,987 | 1,852 | 2,169 | 3,364 | ... | ||||
| Operating Cost | VND bil | 3,804 | 3,921 | 4,055 | 4,689 | 6,278 | |||||||||||
| Operating Profit | VND bil | 2,116 | 2,443 | 2,474 | 3,214 | 5,608 | |||||||||||
| Provisions | VND bil | 855 | 977 | 884 | 1,218 | 2,565 | |||||||||||
| Extra and Other Cost | VND bil | 226 | 250 | 276 | 330 | 386 | |||||||||||
| Pre-Tax Profit | VND bil | 1,036 | 1,215 | 1,314 | 1,667 | 2,656 | |||||||||||
| Tax | VND bil | 209 | 264 | 286 | 342 | 538 | |||||||||||
| Minorities | VND bil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Net Profit | VND bil | 826 | 952 | 1,028 | 1,325 | 2,118 | |||||||||||
| Dividends | VND bil | ... | ... | ... | 645 | 627 | 0 | 0 | 0 | ... | |||||||
| growth rates | |||||||||||||||||
| Net Interest Income Growth | % | ... | -33.9 | 3.24 | 23.3 | 17.1 | 22.8 | ||||||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | ... | -15.9 | 17.5 | 7.31 | 26.7 | 25.8 | ||||||
| Total Revenue Growth | % | ... | -3.65 | 7.49 | 2.59 | 21.0 | 50.4 | ||||||||||
| Operating Cost Growth | % | ... | -12.9 | 3.07 | 3.41 | 15.6 | 33.9 | ||||||||||
| Operating Profit Growth | % | ... | 19.0 | 15.4 | 1.29 | 29.9 | 74.5 | ||||||||||
| Pre-Tax Profit Growth | % | ... | -0.682 | 17.4 | 8.12 | 26.9 | 59.3 | ||||||||||
| Net Profit Growth | % | ... | 5.41 | 15.2 | 8.03 | 28.9 | 59.8 | ||||||||||
| market share | |||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | 3.35 | 3.44 | 3.14 | 3.31 | ... | ... | ... | |||||
| Market Share in Net Profit | % | ... | ... | ... | ... | 2.75 | 5.56 | 3.30 | 3.22 | ... | ... | ... | |||||
| Market Share in Branches | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | |||||||||||||||||
| Cash | VND bil | 5,109 | 5,854 | 7,415 | 8,661 | 13,166 | |||||||||||
| Interbank Loans | VND bil | 7,216 | 4,559 | 10,122 | 8,152 | 8,942 | |||||||||||
| Customer Loans | VND bil | 105,642 | 114,745 | 133,807 | 161,604 | 196,669 | |||||||||||
| Retail Loans | VND bil | 45,547 | 52,401 | 66,545 | 86,428 | 111,135 | ... | ||||||||||
| Corporate Loans | VND bil | 61,643 | 63,923 | 68,803 | 76,973 | 87,379 | ... | ||||||||||
| Debt Securities | VND bil | 35,264 | 41,676 | 39,048 | 44,385 | 54,400 | |||||||||||
| Fixed Assets | VND bil | 2,494 | 2,617 | 2,294 | 2,633 | 2,818 | |||||||||||
| Intangible Assets | VND bil | 58.7 | 188 | 186 | 217 | 190 | |||||||||||
| Goodwill | VND bil | ... | ... | ... | ... | ... | 0 | 0 | 0 | 0 | 0 | ... | |||||
| Total Assets | VND bil | 166,599 | 179,610 | 201,457 | 233,681 | 284,316 | |||||||||||
| Shareholders' Equity | VND bil | 12,504 | 12,397 | 12,788 | 14,063 | 16,031 | |||||||||||
| Of Which Minority Interest | VND bil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Liabilities | VND bil | 154,095 | 167,212 | 188,669 | 219,618 | 268,285 | |||||||||||
| Interbank Borrowing | VND bil | 9,938 | 6,151 | 7,627 | 2,759 | 16,138 | |||||||||||
| Customer Deposits | VND bil | 138,111 | 154,614 | 174,919 | 207,051 | 241,393 | |||||||||||
| Retail Deposits | VND bil | ... | ... | ... | ... | ... | ... | ... | 115,094 | 127,620 | 143,492 | 169,742 | 197,294 | ... | |||
| Corporate Deposits | VND bil | ... | ... | ... | ... | ... | ... | ... | 23,017 | 26,993 | 31,427 | 37,309 | 44,099 | ... | |||
| Sight Deposits | VND bil | 17,799 | 20,539 | 26,599 | 31,893 | 38,195 | |||||||||||
| Term Deposits | VND bil | 118,485 | 131,991 | 146,347 | 173,304 | 201,076 | |||||||||||
| Issued Debt Securities | VND bil | 3,302 | 3,261 | 3,222 | 6,214 | 6,214 | |||||||||||
| Other Liabilities | VND bil | 2,744 | 3,187 | 2,901 | 3,594 | 4,541 | |||||||||||
| asset quality | |||||||||||||||||
| Non-Performing Loans | VND bil | ... | ... | ... | 3,243 | 2,533 | 303 | 389 | 1,390 | ||||||||
| Gross Loans | VND bil | 107,190 | 116,324 | 135,348 | 163,401 | 198,513 | |||||||||||
| Total Provisions | VND bil | 1,548 | 1,579 | 1,541 | 1,797 | 1,845 | |||||||||||
| growth rates | |||||||||||||||||
| Customer Loan Growth | % | ... | 4.27 | 8.62 | 16.6 | 20.8 | 21.7 | ||||||||||
| Retail Loan Growth | % | ... | 2.70 | 15.0 | 27.0 | 29.9 | 28.6 | ... | |||||||||
| Corporate Loan Growth | % | ... | 5.43 | 3.70 | 7.63 | 11.9 | 13.5 | ... | |||||||||
| Total Asset Growth | % | ... | -5.51 | 7.81 | 12.2 | 16.0 | 21.7 | ||||||||||
| Shareholders' Equity Growth | % | ... | -0.953 | -0.855 | 3.15 | 9.97 | 14.0 | ||||||||||
| Customer Deposit Growth | % | ... | 10.3 | 11.9 | 13.1 | 18.4 | 16.6 | ||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 4.20 | 10.9 | 12.4 | 18.3 | 16.2 | ... | ||
| Corporate Deposit Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | 55.7 | 17.3 | 16.4 | 18.7 | 18.2 | ... | ||
| market share | |||||||||||||||||
| Market Share in Customer Loans | % | 3.51 | 3.44 | 3.33 | 3.34 | 3.40 | ... | ... | |||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | 2.05 | 1.91 | 1.71 | 1.59 | ... | ... | ... | |
| Market Share in Total Assets | % | 3.04 | 2.98 | 2.89 | 2.88 | 2.94 | ... | ... | |||||||||
| Market Share in Customer Deposits | % | 3.74 | 3.62 | 3.47 | 3.48 | 3.54 | ... | ... |
| ratios | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| ratios | |||||||||||||||||
| ROE | % | ... | 6.58 | 7.64 | 8.17 | 9.87 | 14.1 | ||||||||||
| ROA | % | ... | 0.482 | 0.550 | 0.540 | 0.609 | 0.818 | ||||||||||
| Costs (As % Of Assets) | % | ... | 2.22 | 2.27 | 2.13 | 2.16 | 2.42 | ||||||||||
| Costs (As % Of Income) | % | 64.3 | 61.6 | 62.1 | 59.3 | 52.8 | |||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | ... | ... | 14.7 | 14.1 | 12.8 | 13.2 | 11.5 | ... | ... | ||
| Tier 1 Ratio | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | 10.2 | 9.80 | 9.27 | 8.26 | 7.77 | ... | ... |
| Net Interest Margin | % | ... | 2.71 | 2.77 | 3.10 | 3.18 | 3.28 | ||||||||||
| Interest Spread | % | ... | 2.21 | 2.37 | 2.79 | 2.89 | 3.00 | ||||||||||
| Asset Yield | % | ... | 9.02 | 7.93 | 7.40 | 7.57 | 7.86 | ||||||||||
| Cost Of Liabilities | % | ... | 6.81 | 5.56 | 4.61 | 4.68 | 4.86 | ||||||||||
| Payout Ratio | % | ... | ... | ... | 78.0 | 65.9 | 0 | 0 | 0 | ... | |||||||
| Interest Income (As % Of Revenues) | % | 78.3 | 75.2 | 90.4 | 87.5 | 71.5 | |||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 9.98 | 10.9 | 11.4 | 11.9 | 10.00 | ||||||||
| Other Income (As % Of Revenues) | % | ... | ... | ... | 11.7 | 13.9 | -1.86 | 0.535 | 18.5 | ||||||||
| Cost Per Employee | USD per month | 681 | 735 | 775 | 890 | 961 | |||||||||||
| Cost Per Employee (Local Currency) | VND per month | 14,308,700 | 15,609,100 | 16,764,300 | 19,591,900 | 21,520,800 | |||||||||||
| Staff Cost (As % Of Total Cost) | % | 41.2 | 44.4 | 49.3 | 49.2 | 42.5 | |||||||||||
| Equity (As % Of Assets) | % | 7.51 | 6.90 | 6.35 | 6.02 | 5.64 | |||||||||||
| Loans (As % Of Deposits) | % | 76.5 | 74.2 | 76.5 | 78.1 | 81.5 | |||||||||||
| Loans (As % Assets) | % | 63.4 | 63.9 | 66.4 | 69.2 | 69.2 | |||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 3.03 | 2.18 | 0.224 | 0.238 | 0.700 | ||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 47.7 | 62.3 | 508 | 462 | 133 | ||||||||
| Provisions (As % Of Loans) | % | 1.47 | 1.38 | 1.15 | 1.11 | 0.938 | |||||||||||
| Cost of Provisions (As % Of Loans) | % | ... | 0.826 | 0.887 | 0.712 | 0.824 | 1.43 |
| other data | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| other data | |||||||||||||||||
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | 346 | 346 | 350 | 350 | 354 | ... | |||
| Employees | 9,131 | 9,296 | 9,935 | 9,822 | 10,334 | ||||||||||||
| Sight (As % Of Customer Deposits) | % | 12.9 | 13.3 | 15.2 | 15.4 | 15.8 | |||||||||||
| Return on Loans | % | 0.799 | 0.864 | 0.827 | 0.897 | 1.18 | |||||||||||
| Operating Profit (As % of Loans) | % | ... | 2.05 | 2.22 | 1.99 | 2.18 | 3.13 | ||||||||||
| Costs (As % Of Loans) | % | ... | 3.68 | 3.56 | 3.26 | 3.17 | 3.50 | ||||||||||
| Equity (As % Of Loans) | % | 11.8 | 10.8 | 9.56 | 8.70 | 8.15 |
Get all company financials in excel:
By Helgi Library - March 4, 2020
Asia Commercial Bank's customer deposits reached VND 207,051 bil in 2016-12-31, up 2.81% compared to the previous year. Vietnamese banking sector accepted customer deposits of VND 5,860,000 bil in 2016-12-31, up 0.518% when compared to the last year. Asia...
By Helgi Library - March 4, 2020
Asia Commercial Bank's net interest margin amounted to 3.59% in the fourth quarter of 2019, up from 3.43% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.33% in 4Q2008 and an all time low of ...
By Helgi Library - March 4, 2020
Asia Commercial Bank's net interest margin amounted to 3.59% in the fourth quarter of 2019, up from 3.43% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.33% in 4Q2008 and an all time low of ...
By Helgi Library - March 4, 2020
Asia Commercial Bank generated total banking revenues of VND 5,096 bil in the fourth quarter of 2019, up 17.2% when compared to the same period of last year and 25.5% when compared to the previous quarter. Historically, the bank’s revenues containing of inter...
By Helgi Library - March 4, 2020
Asia Commercial Bank generated total banking revenues of VND 5,096 bil in the fourth quarter of 2019, up 17.2% when compared to the same period of last year and 25.5% when compared to the previous quarter. Historically, the bank’s revenues containing of inter...
By Helgi Library - March 4, 2020
Asia Commercial Bank's non-performing loans reached 0.539% of total loans at the end of 2019-12-31, down from 0.727% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.65% in 2014-06-30 and an all time low of 0.101% in 2008-03-31...
By Helgi Library - March 4, 2020
Asia Commercial Bank's non-performing loans reached 0.539% of total loans at the end of 2019-12-31, down from 0.727% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.65% in 2014-06-30 and an all time low of 0.101% in 2008-03-31...
By Helgi Library - March 4, 2020
Asia Commercial Bank stock traded at VND 22,800 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,630 mil. Since the end of 4Q2014, the stock has appreciated by 168 % implying an annual average growth of 21.8 %. In absolute terms, t...
By Helgi Library - March 4, 2020
Asia Commercial Bank stock traded at VND 22,800 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,630 mil. Since the end of 4Q2014, the stock has appreciated by 168 % implying an annual average growth of 21.8 %. In absolute terms, t...
By Helgi Library - March 4, 2020
Asia Commercial Bank stock traded at VND 22,800 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,630 mil. Over the last five years, the stock has appreciated by 168 implying an annual average growth of 21.8% In abso...
Asia Commercial Bank has been growing its revenues and asset by 12.8% and 8.61% a year on average in the last 10 years. Its loans and deposits have grown by 15.7% and 11.0% a year during that time and loans to deposits ratio reached 86.4% at the end of 2019. The company achieved an average return on equity of 15.4% in the last decade with net profit growing 10.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 49.3% in 2019, compared to 54.8% average in the last decade.
Equity represented 7.24% of total assets or 10.4% of loans at the end of 2019. Asia Commercial Bank's non-performing loans were 0.539% of total loans while provisions covered some 175% of NPLs at the end of 2019.
Asia Commercial Bank stock traded at VND 22,800 per share at the end of 2019 resulting in a market capitalization of USD 1,630 mil. Over the previous five years, stock price rose by 168% or 21.8% a year on average. That’s compared to an average ROE of 16.9% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 6.40x and price to book value (PBV) of 1.34x in 2019.
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