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MBBank's net profit rose 35.9% yoy to VND 1,870 bil in 4Q2019

By Helgi Library - March 1, 2020

MBBank made a net profit of VND 1,870 bil in the fourth quarter of 2019, up 35.9% when compared to the same period of last year. ...

MBBank's net profit rose 35.9% yoy to VND 1,870 bil in 4Q2019

By Helgi Library - March 1, 2020

MBBank made a net profit of VND 1,870 bil in the fourth quarter of 2019, up 35.9% when compared to the same period of last year. ...

MBBank's npls (as % of loans) fell 14.9% yoy to 1.13% in 4Q2019

By Helgi Library - March 4, 2020

MBBank's non-performing loans reached 1.13% of total loans at the end of 2019-12-31, down from 1.33% compared to the previous yea...

Profit Statement Jun 2019 Sep 2019 Dec 2019
Net Interest Income VND bil 4,438 4,596 4,908
Net Fee Income VND bil 1,055 499 873
Other Income VND bil 1,279 2,251 2,057
Total Revenues VND bil 6,772 7,347 7,839
Staff Cost VND bil 1,417 1,647 6,064
Operating Profit VND bil 4,465 5,055 4,780
Provisions VND bil 1,400 1,312 1,214
Net Profit VND bil 1,916 2,176 1,870
Balance Sheet Jun 2019 Sep 2019 Dec 2019
Interbank Loans VND bil 52,652 47,469 39,691
Customer Loans VND bil 235,996 236,407 247,130
Total Assets VND bil 402,264 397,441 411,488
Shareholders' Equity VND bil 35,526 37,683 39,886
Interbank Borrowing VND bil 67,058 50,410 61,089
Customer Deposits VND bil 271,101 271,636 272,710
Issued Debt Securities VND bil 11,477 17,466 15,833
Ratios Jun 2019 Sep 2019 Dec 2019
ROE % 21.4 23.8 19.3
ROA % 1.95 2.18 1.85
Costs (As % Of Assets) % 2.35 2.29 3.03
Costs (As % Of Income) % 34.1 31.2 39.0
Net Interest Margin % 4.52 4.60 4.85
Loans (As % Of Deposits) % 87.1 87.0 90.6
NPLs (As % Of Loans) % 1.26 1.54 1.13
Provisions (As % Of NPLs) % 97.6 103 113
Valuation Jun 2019 Sep 2019 Dec 2019
Price/Earnings (P/E) 5.76 5.54 6.44
Price/Book Value (P/BV) 1.24 1.28 1.21
Earnings Per Share (EPS) VND 3,359 4,118 3,232
Book Value Per Share VND 15,565 17,831 17,233

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summary Unit 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                                                           3,535 3,635 4,151 4,136 4,438    
Total Revenues VND bil                                                           5,266 5,387 8,039 5,928 6,772    
Operating Profit VND bil                                                           3,339 3,419 3,919 3,862 4,465    
Net Profit VND bil                                                           1,481 1,739 1,376 1,861 1,916    
balance sheet                                                                        
Interbank Loans VND bil ...                                                         48,794 44,648 45,062 43,249 52,652    
Customer Loans VND bil ...                                                         202,027 201,475 211,475 226,051 235,996    
Debt Securities VND bil ...                                                         57,259 66,253 75,068 81,939 86,977    
Total Assets VND bil ...                                                         333,203 343,850 362,325 383,219 402,264    
Shareholders' Equity VND bil ...                                                         31,331 33,208 34,173 36,131 35,526    
Interbank Borrowing VND bil ...                                                         46,782 59,919 59,215 72,138 67,058    
Customer Deposits VND bil ...                                                         234,833 232,638 244,007 246,152 271,101    
Issued Debt Securities VND bil ...                                                         8,634 7,234 11,324 15,234 11,477    
ratios                                                                        
ROE % ... ...                                                       19.0 21.6 16.3 21.2 21.4    
ROA % ... ...                                                       1.82 2.05 1.56 2.00 1.95    
Costs (As % Of Assets) % ... ...                                                       2.37 2.33 4.67 2.22 2.35    
Costs (As % Of Income) %                                                           36.6 36.5 51.2 34.8 34.1    
Net Interest Margin % ... ...                                                       4.35 4.30 4.70 4.44 4.52    
Interest Income (As % Of Revenues) %                                                           67.1 67.5 51.6 69.8 65.5    
Fee Income (As % Of Revenues) %                                                           12.8 13.2 10.7 12.8 15.6    
Staff Cost (As % Of Total Cost) %                                                           55.9 50.2 47.7 62.1 61.4    
Equity (As % Of Assets) % ...                                                         9.40 9.66 9.43 9.43 8.83    
Loans (As % Of Deposits) % ...                                                         86.0 86.6 86.7 91.8 87.1    
Loans (As % Assets) % ...                                                         60.6 58.6 58.4 59.0 58.7    
NPLs (As % Of Loans) % ...                                                         1.28 1.57 1.33 1.41 1.26    
Provisions (As % Of NPLs) % ...                                                         107 106 112 96.5 97.6    
valuation                                                                        
Market Capitalisation (End Of Period) USD mil ... ... ...                                                     2,072 2,140 1,810 2,040 1,895    
Number Of Shares (Average) mil                                                           2,333 2,333 2,333 2,318 2,282    
Share Price (End Of Period) VND ... ... ...                                                     20,386 21,389 18,009 20,741 19,352    
Earnings Per Share (EPS) VND                                                           2,540 2,981 2,358 3,211 3,359    
Book Value Per Share VND ...                                                         13,428 14,232 14,646 15,587 15,565    
Price/Earnings (P/E) ... ... ...                                                     8.03 7.18 7.64 6.46 5.76    
Price/Book Value (P/BV) ... ... ...                                                     1.52 1.50 1.23 1.33 1.24    
Earnings Per Share Growth % ... ... ... ...                                                   35.4 45.9 265 23.6 32.3    
Book Value Per Share Growth % ... ... ... ...                                                   13.6 15.6 14.6 17.2 15.9    
income statement Unit 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                                                           6,205 6,367 6,667 7,180 7,759    
Interest Cost VND bil                                                           2,671 2,731 2,516 3,045 3,321    
Net Interest Income VND bil                                                           3,535 3,635 4,151 4,136 4,438    
Net Fee Income VND bil                                                           676 710 859 759 1,055    
Other Income VND bil                                                           1,055 1,042 3,028 1,033 1,279    
Total Revenues VND bil                                                           5,266 5,387 8,039 5,928 6,772    
Staff Cost VND bil                                                           1,077 988 1,967 1,283 1,417    
Depreciation VND bil ... ... ...                                                     42.9 67.2 87.4 67.7 71.1    
Other Cost VND bil ... ... ...                                                     807 913 2,066 715 819    
Operating Cost VND bil                                                           1,927 1,968 4,120 2,066 2,307    
Operating Profit VND bil                                                           3,339 3,419 3,919 3,862 4,465    
Provisions VND bil                                                           967 646 731 964 1,400    
Extra and Other Cost VND bil                                                           461 588 1,436 473 614    
Pre-Tax Profit VND bil                                                           1,911 2,185 1,752 2,424 2,451    
Tax VND bil                                                           420 424 364 492 453    
Minorities VND bil                                                           10.1 22.2 12.9 72.0 81.9    
Net Profit VND bil                                                           1,481 1,739 1,376 1,861 1,916    
growth rates                                                                        
Net Interest Income Growth % ... ... ... ...                                                   28.1 27.1 27.7 25.2 25.5    
Net Fee Income Growth % ... ... ... ...                                                   57.9 89.5 807 141 55.9    
Total Revenue Growth % ... ... ... ...                                                   31.5 28.5 60.8 23.1 28.6    
Operating Cost Growth % ... ... ... ...                                                   45.6 27.8 68.2 27.3 19.7    
Operating Profit Growth % ... ... ... ...                                                   24.5 28.8 53.6 20.9 33.7    
Pre-Tax Profit Growth % ... ... ... ...                                                   35.3 47.9 186 26.4 28.3    
Net Profit Growth % ... ... ... ...                                                   36.7 47.2 268 22.7 29.4    
balance sheet Unit 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 ...                                                         8,813 10,908 12,285 9,686 5,748    
Interbank Loans VND bil ...                                                         48,794 44,648 45,062 43,249 52,652    
Customer Loans VND bil ...                                                         202,027 201,475 211,475 226,051 235,996    
Retail Loans VND bil ...                                                         71,411 74,564 81,011 88,581 93,609    
Corporate Loans VND bil ...                                                         130,991 127,525 127,667 137,925 139,313    
Debt Securities VND bil ...                                                         57,259 66,253 75,068 81,939 86,977    
Fixed Assets VND bil ...                                                         2,367 2,443 2,519 2,478 2,505    
Total Assets VND bil ...                                                         333,203 343,850 362,325 383,219 402,264    
Shareholders' Equity VND bil ...                                                         31,331 33,208 34,173 36,131 35,526    
Of Which Minority Interest VND bil ...                                                         1,589 1,764 1,530 1,602 1,804    
Liabilities VND bil ...                                                         301,872 310,643 328,152 347,088 366,738    
Interbank Borrowing VND bil ...                                                         46,782 59,919 59,215 72,138 67,058    
Customer Deposits VND bil ...                                                         234,833 232,638 244,007 246,152 271,101    
Sight Deposits VND bil ...                                                         71,519 76,440 76,889 60,722 66,641    
Term Deposits VND bil ...                                                         143,266 136,634 146,549 163,951 185,632    
Issued Debt Securities VND bil ...                                                         8,634 7,234 11,324 15,234 11,477    
asset quality                                                                        
Non-Performing Loans VND bil ...                                                         2,629 3,218 2,860 3,231 3,001    
Gross Loans VND bil ...                                                         204,829 204,885 214,686 229,168 238,925    
Total Provisions VND bil ...                                                         2,802 3,410 3,211 3,118 2,929    
growth rates                                                                        
Customer Loan Growth % ... ... ... ... ...                                                 18.6 15.7 16.2 18.2 16.8    
Retail Loan Growth % ... ... ... ... ...                                                 34.9 28.1 33.1 34.7 31.1    
Corporate Loan Growth % ... ... ... ... ...                                                 11.9 10.7 6.23 10.3 6.35    
Total Asset Growth % ... ... ... ... ...                                                 20.6 17.8 15.4 21.1 20.7    
Shareholders' Equity Growth % ... ... ... ... ...                                                 14.7 16.7 15.4 16.4 13.4    
Customer Deposit Growth % ... ... ... ... ...                                                 15.4 8.86 10.8 8.43 15.4    
market share                                                                        
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... ... ...
Market Share in Total Assets % ... ... ... ... ... ... ... ... ... ... ...                                   ... ... ... ... ... ... ... ...
Market Share in Customer Deposits % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... ... ... ... ... ... ... ... ... ... ...
ratios Unit 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 % ... ...                                                       19.0 21.6 16.3 21.2 21.4    
ROA % ... ...                                                       1.82 2.05 1.56 2.00 1.95    
Costs (As % Of Assets) % ... ...                                                       2.37 2.33 4.67 2.22 2.35    
Costs (As % Of Income) %                                                           36.6 36.5 51.2 34.8 34.1    
Net Interest Margin % ... ...                                                       4.35 4.30 4.70 4.44 4.52    
Interest Spread % ... ...                                                       4.00 3.96 4.40 4.10 4.18    
Asset Yield % ... ...                                                       7.64 7.52 7.55 7.70 7.90    
Cost Of Liabilities % ... ...                                                       3.64 3.57 3.15 3.61 3.72    
Payout Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Interest Income (As % Of Revenues) %                                                           67.1 67.5 51.6 69.8 65.5    
Fee Income (As % Of Revenues) %                                                           12.8 13.2 10.7 12.8 15.6    
Other Income (As % Of Revenues) %                                                           20.0 19.3 37.7 17.4 18.9    
Cost Per Employee USD per month ...                                                         1,142 998 1,890 1,232 1,298    
Cost Per Employee (Local Currency) VND per month ...                                                         25,760,100 22,633,300 43,042,500 28,214,600 29,872,400    
Staff Cost (As % Of Total Cost) %                                                           55.9 50.2 47.7 62.1 61.4    
Equity (As % Of Assets) % ...                                                         9.40 9.66 9.43 9.43 8.83    
Loans (As % Of Deposits) % ...                                                         86.0 86.6 86.7 91.8 87.1    
Loans (As % Assets) % ...                                                         60.6 58.6 58.4 59.0 58.7    
NPLs (As % Of Loans) % ...                                                         1.28 1.57 1.33 1.41 1.26    
Provisions (As % Of NPLs) % ...                                                         107 106 112 96.5 97.6    
Provisions (As % Of Loans) % ...                                                         1.39 1.69 1.52 1.38 1.24    
Cost of Provisions (As % Of Loans) % ... ...                                                       1.97 1.28 1.42 1.76 2.42    
other data Unit 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 ...                                                         13,942 14,551 15,233 15,157 15,813    
Sight (As % Of Customer Deposits) % ...                                                         30.5 32.9 31.5 24.7 24.6    
Return on Loans % ... ...                                                       2.32 2.53 2.96 2.95 2.98    
Operating Profit (As % of Loans) % ... ... ...                                                     5.97 6.20 6.72 6.65 6.78    
Costs (As % Of Loans) % ... ...                                                       4.02 4.10 4.78 4.79 4.78    
Equity (As % Of Loans) % ...                                                         15.5 16.5 16.2 16.0 15.1    

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MBBank's npls (as % of loans) fell 14.9% yoy to 1.13% in 4Q2019

By Helgi Library - March 4, 2020

MBBank's non-performing loans reached 1.13% of total loans at the end of 2019-12-31, down from 1.33% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.08% in 2014-06-30 and an all time low of 1.13% in 2019-12-31. Provision...

MBBank's net interest margin rose 3.21% yoy to 4.85% in 4Q2019

By Helgi Library - March 1, 2020

MBBank's net interest margin amounted to 4.85% in the fourth quarter of 2019, up from 4.60% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.85% in 4Q2019 and an all time low of 3.12% in 3...

MBBank's net interest margin rose 3.21% yoy to 4.85% in 4Q2019

By Helgi Library - March 1, 2020

MBBank's net interest margin amounted to 4.85% in the fourth quarter of 2019, up from 4.60% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.85% in 4Q2019 and an all time low of 3.12% in 3...

MBBank's customer deposits rose 7.27% yoy to VND 194,849 bil in 4Q2016

By Helgi Library - March 1, 2020

MBBank's customer deposits reached VND 194,849 bil in 2016-12-31, up 4.11% 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. MBBank accounted f...

MBBank's customer deposits rose 7.27% yoy to VND 194,849 bil in 4Q2016

By Helgi Library - March 1, 2020

MBBank's customer deposits reached VND 194,849 bil in 2016-12-31, up 4.11% 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. MBBank accounted f...

MBBank's market capitalisation (end of period) rose 15.3% yoy to USD 2,087 mil in 4Q2019

By Helgi Library - March 1, 2020

MBBank stock traded at VND 20,800 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 2,087 mil. Over the last five years, the stock has appreciated by 132 implying an annual average growth of 18.3% In absolute terms, th...

MBBank's market capitalisation (end of period) rose 15.3% yoy to USD 2,087 mil in 4Q2019

By Helgi Library - March 1, 2020

MBBank stock traded at VND 20,800 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 2,087 mil. Over the last five years, the stock has appreciated by 132 implying an annual average growth of 18.3% In absolute terms, th...

MBBank's net interest income rose 18.2% yoy to VND 4,908 bil in 4Q2019

By Helgi Library - March 1, 2020

MBBank generated total banking revenues of VND 7,839 bil in the fourth quarter of 2019, down 2.49% when compared to the same period of last year and up 6.7% when compared to the previous quarter. Historically, the bank’s revenues containing of int...

MBBank's net interest income rose 18.2% yoy to VND 4,908 bil in 4Q2019

By Helgi Library - March 1, 2020

MBBank generated total banking revenues of VND 7,839 bil in the fourth quarter of 2019, down 2.49% when compared to the same period of last year and up 6.7% when compared to the previous quarter. Historically, the bank’s revenues containing of int...

MBBank's price/earnings (P/E) fell 15.7% yoy to 6.44 in 4Q2019

By Helgi Library - March 1, 2020

MBBank stock traded at VND 20,800 per share at the end fourth quarter of 2019 implying a market capitalization of USD 2,087 mil. Since the end of 4Q2014, the stock has appreciated by 132 % implying an annual average growth of 18.3 %. In absolute terms, the value of th...

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