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Vietcombank

Vietcombank's net profit fell 16.1% yoy to VND 4,397 bil in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank made a net profit of VND 4,397 bil in the fourth quarter of 2019, down 16.1% when compared to the same period of last...

Vietcombank's customer deposits rose 18.0% yoy to VND 590,457 bil in 4Q2016

By Helgi Library - March 1, 2020

Vietcombank's customer deposits reached VND 590,457 bil in 2016-12-31, up 3.02% compared to the previous year. Vietnamese banki...

Vietcombank's npls (as % of loans) fell 20.9% yoy to 0.779% in 4Q2019

By Helgi Library - March 4, 2020

Vietcombank's non-performing loans reached 0.779% of total loans at the end of 2019-12-31, down from 0.985% compared to the previ...

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income statement Unit Jun 2024 Dec 2019
growth rates    
Net Interest Income Growth % ...  
other data Unit Jun 2024 Dec 2019
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Return on Loans %   ...
Costs (As % Of Loans) %   ...

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Vietcombank's market capitalisation (end of period) rose 74.1% yoy to USD 14,436 mil in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank stock traded at VND 90,200 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 14,436 mil. Over the last five years, the stock has appreciated by 282 implying an annual average growth of 30.7% In absolute ter...

Vietcombank's net interest income rose 7.97% yoy to VND 8,641 bil in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank generated total banking revenues of VND 12,435 bil in the fourth quarter of 2019, up 3.15% when compared to the same period of last year and down 5.17% when compared to the previous quarter. Historically, the bank’s revenues containing...

Vietcombank's net interest margin fell 6.19% yoy to 2.90% in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank's net interest margin amounted to 2.90% in the fourth quarter of 2019, down from 3.11% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 4.30% in 3Q2011 and an all time low of 2.3...

Vietcombank's price/earnings (P/E) rose 107% yoy to 19.0 in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank stock traded at VND 90,200 per share at the end fourth quarter of 2019 implying a market capitalization of USD 14,436 mil. Since the end of 4Q2014, the stock has appreciated by 282 % implying an annual average growth of 30.7 %. In absolute terms, the value...

Vietcombank's equity (as % of assets) rose 21.0% yoy to 7.01% in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank's Equity reached 7.01% of total assets in the 4Q2019, up from 5.79% for the previous year. As a share of net customer loans, the ratio amounted to 11.8% at the end of the fourth quarter of 2019. ...

Vietcombank's customer loan growth rose 2.56% yoy to 16.5% in 4Q2019

By Helgi Library - March 1, 2020

Vietcombank's customer loan growth reached 16.5% in 2019-12-31, up from 16.1% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 31.0% in 2011-03-31 and an all time low of 5.44% in 2012-03-31. In the last deca...

Vietcombank's net profit rose 26.8% yoy to VND 18,514 bil in 2019

By Helgi Library - March 1, 2020

Vietcombank made a net profit of VND 18,514 bil in 2019, up 26.8% compared to the previous year. This implies a return on equity of 25.0%. Historically, the bank’s net profit reached an all time high of VND 18,514 bil in 2019 and an all time low of VND 224 ...

Vietcombank's npls (as % of loans) fell 20.9% yoy to 0.779% in 2019

By Helgi Library - March 1, 2020

Vietcombank's non-performing loans reached 0.779% of total loans at the end of 2019, down from 0.985% compared to the previous year. Historically, the NPL ratio hit an all time high of 6.14% in 2002 and an all time low of 0.779% in 2019. Provision coverage ...

Vietcombank's net interest income rose 21.5% yoy to VND 34,686 bil in 2019

By Helgi Library - March 1, 2020

Vietcombank generated total banking revenues of VND 50,699 bil in 2019, up 17.5% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of VND 50,699 bil in 2019 and an...

Vietcombank's net interest margin rose 11.6% yoy to 3.02% in 2019

By Helgi Library - March 1, 2020

Vietcombank's net interest margin amounted to 3.02% in 2019, up from 2.71% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.73% in 2011 and an all time low of 1.09% in 2002. The average margin in ...

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Finance

Vietcombank has been growing its revenues and asset by 18.0% and 17.0% a year on average in the last 10 years. Its loans and deposits have grown by 18.1% and 18.5% a year during that time and loans to deposits ratio reached 78.0% at the end of 2019. The company achieved an average return on equity of 16.8% in the last decade with net profit growing 16.8% a year on average. In terms of operating efficiency, its cost to income ratio reached 31.9% in 2019, compared to 37.1% average in the last decade.

Equity represented 7.01% of total assets or 11.8% of loans at the end of 2019. Vietcombank's non-performing loans were 0.779% of total loans while provisions covered some 182% of NPLs at the end of 2019.

Valuation

Vietcombank stock traded at VND 90,200 per share at the end of 2019 resulting in a market capitalization of USD 14,436 mil. Over the previous five years, stock price rose by 282% or 30.7% a year on average. That’s compared to an average ROE of 19.1% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 18.0x and price to book value (PBV) of 3.89x in 2019.