By Helgi Library - March 1, 2020
VietinBank's customer deposits reached VND 655,074 bil in 2016-12-31, up 4.55% compared to the previous year. Vietnamese bankin...
By Helgi Library - March 1, 2020
VietinBank's customer deposits reached VND 655,074 bil in 2016-12-31, up 4.55% compared to the previous year. Vietnamese bankin...
By Helgi Library - March 1, 2020
VietinBank made a net profit of VND 2,655 bil under revenues of VND 11,958 bil in the fourth quarter of 2019, up 262% and 441...
| Profit Statement | 2017 | 2018 | 2019 | |
| Net Interest Income | VND bil | 27,725 | 22,781 | 33,425 |
| Net Fee Income | VND bil | 1,855 | 2,768 | 4,056 |
| Other Income | VND bil | 6,592 | 5,310 | 7,332 |
| Total Revenues | VND bil | 36,172 | 30,859 | 44,812 |
| Staff Cost | VND bil | 8,282 | 7,519 | 9,498 |
| Operating Profit | VND bil | 19,863 | 15,578 | 28,212 |
| Provisions | VND bil | 8,344 | 7,751 | 13,002 |
| Net Profit | VND bil | 7,402 | 3,830 | 9,461 |
| Balance Sheet | 2017 | 2018 | 2019 | |
| Interbank Loans | VND bil | 107,510 | 130,512 | 129,315 |
| Customer Loans | VND bil | 782,385 | 851,918 | 922,330 |
| Total Assets | VND bil | 1,095,060 | 1,164,430 | 1,240,790 |
| Shareholders' Equity | VND bil | 63,765 | 67,456 | 77,356 |
| Interbank Borrowing | VND bil | 122,235 | 182,664 | 203,163 |
| Customer Deposits | VND bil | 752,937 | 839,867 | 912,233 |
| Issued Debt Securities | VND bil | 36,995 | 29,435 | 20,315 |
| Ratios | 2017 | 2018 | 2019 | |
| ROE | % | 11.9 | 5.84 | 13.1 |
| ROA | % | 0.724 | 0.339 | 0.787 |
| Costs (As % Of Assets) | % | 1.60 | 1.35 | 1.38 |
| Costs (As % Of Income) | % | 45.1 | 49.5 | 37.0 |
| Capital Adequacy Ratio | % | ... | ... | ... |
| Net Interest Margin | % | 2.71 | 2.02 | 2.78 |
| Loans (As % Of Deposits) | % | 104 | 101 | 101 |
| NPLs (As % Of Loans) | % | 1.14 | 1.58 | 1.16 |
| Provisions (As % Of NPLs) | % | 92.1 | 95.0 | 120 |
| Valuation | 2017 | 2018 | 2019 | |
| Price/Earnings (P/E) | 15.7 | 18.8 | 8.23 | |
| Price/Book Value (P/BV) | 1.41 | 1.07 | 1.01 | |
| Dividend Yield | % | 2.89 | 0 | ... |
| Earnings Per Share (EPS) | VND | 1,538 | 1,029 | 2,541 |
| Book Value Per Share | VND | 17,126 | 18,117 | 20,776 |
| Dividend Per Share | VND | 700 | 0 | ... |
Get all company financials in excel:
| summary | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||||||||
| Net Interest Income | VND bil | 18,304 | 18,029 | 18,880 | 22,381 | 27,725 | ||||||||||
| Total Revenues | VND bil | 22,651 | 22,207 | 25,798 | 29,115 | 36,172 | ||||||||||
| Operating Profit | VND bil | 12,305 | 10,056 | 13,173 | 15,018 | 19,863 | ||||||||||
| Net Profit | VND bil | 5,792 | 4,068 | 5,665 | 6,738 | 7,402 | ||||||||||
| balance sheet | ||||||||||||||||
| Interbank Loans | VND bil | 73,080 | 75,434 | 66,019 | 94,469 | 107,510 | ||||||||||
| Customer Loans | VND bil | 372,989 | 435,503 | 533,530 | 655,089 | 782,385 | ||||||||||
| Debt Securities | VND bil | 83,975 | 97,996 | 124,480 | 136,549 | 132,332 | ||||||||||
| Total Assets | VND bil | 576,368 | 661,242 | 779,484 | 948,568 | 1,095,060 | ||||||||||
| Shareholders' Equity | VND bil | 54,288 | 55,259 | 56,110 | 60,307 | 63,765 | ||||||||||
| Interbank Borrowing | VND bil | 106,471 | 131,328 | 156,918 | 81,593 | 122,235 | ||||||||||
| Customer Deposits | VND bil | 375,836 | 424,188 | 500,363 | 655,074 | 752,937 | ||||||||||
| Issued Debt Securities | VND bil | 11,792 | 14,482 | 23,173 | 38,279 | 36,995 | ||||||||||
| ratios | ||||||||||||||||
| ROE | % | ... | 13.1 | 7.43 | 10.2 | 11.6 | 11.9 | |||||||||
| ROA | % | ... | 1.07 | 0.657 | 0.786 | 0.780 | 0.724 | |||||||||
| Costs (As % Of Assets) | % | ... | 1.92 | 1.96 | 1.75 | 1.63 | 1.60 | |||||||||
| Costs (As % Of Income) | % | 45.7 | 54.7 | 48.9 | 48.4 | 45.1 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 13.2 | 10.4 | 10.6 | 10.4 | ... | ... | ... | |||
| Net Interest Margin | % | ... | 3.39 | 2.91 | 2.62 | 2.59 | 2.71 | |||||||||
| Interest Income (As % Of Revenues) | % | 80.8 | 81.2 | 73.2 | 76.9 | 76.6 | ||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | ... | 6.71 | 5.31 | 5.66 | 5.83 | 5.13 | ||||||
| Staff Cost (As % Of Total Cost) | % | 48.4 | 41.6 | 43.5 | 49.3 | 50.8 | ||||||||||
| Equity (As % Of Assets) | % | 9.42 | 8.36 | 7.20 | 6.36 | 5.82 | ||||||||||
| Loans (As % Of Deposits) | % | 99.2 | 103 | 107 | 100 | 104 | ||||||||||
| Loans (As % Assets) | % | 64.7 | 65.9 | 68.4 | 69.1 | 71.4 | ||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 1.00 | 1.12 | 0.918 | 1.05 | 1.14 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 87.5 | 89.0 | 92.1 | 98.8 | 92.1 | |||||||
| valuation | ||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | 2,861 | 2,403 | 3,080 | 2,461 | 3,968 | ||||||
| Number Of Shares (Average) | mil | ... | ... | ... | ... | 3,120 | 3,723 | 3,723 | 3,723 | 3,723 | ||||||
| Share Price (End Of Period) | VND | ... | ... | ... | ... | 16,200 | 13,800 | 18,600 | 15,050 | 24,200 | ||||||
| Earnings Per Share (EPS) | VND | ... | ... | ... | ... | 1,504 | 824 | 1,199 | 1,430 | 1,538 | ||||||
| Book Value Per Share | VND | ... | ... | ... | ... | 17,398 | 14,841 | 15,070 | 16,197 | 17,126 | ||||||
| Dividend Per Share | VND | ... | ... | ... | ... | ... | 1,000 | 1,000 | 700 | 700 | 700 | ... | ||||
| Price/Earnings (P/E) | ... | ... | ... | ... | 10.8 | 16.7 | 15.5 | 10.5 | 15.7 | |||||||
| Price/Book Value (P/BV) | ... | ... | ... | ... | 0.931 | 0.930 | 1.23 | 0.929 | 1.41 | |||||||
| Dividend Yield | % | ... | ... | ... | ... | ... | 6.17 | 7.25 | 3.76 | 4.65 | 2.89 | ... | ||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | ... | -22.0 | -45.2 | 45.5 | 19.3 | 7.55 | |||||
| Book Value Per Share Growth | % | ... | 37.2 | -14.7 | 1.54 | 7.48 | 5.73 |
| income statement | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| income statement | ||||||||||||||||
| Interest Income | VND bil | 44,308 | 41,523 | 42,513 | 52,967 | 65,929 | ||||||||||
| Interest Cost | VND bil | 26,004 | 23,495 | 23,633 | 30,586 | 38,204 | ||||||||||
| Net Interest Income | VND bil | 18,304 | 18,029 | 18,880 | 22,381 | 27,725 | ||||||||||
| Net Fee Income | VND bil | ... | ... | ... | ... | 1,520 | 1,179 | 1,460 | 1,698 | 1,855 | ||||||
| Other Income | VND bil | ... | ... | ... | ... | 2,827 | 3,000 | 5,459 | 5,036 | 6,592 | ||||||
| Total Revenues | VND bil | 22,651 | 22,207 | 25,798 | 29,115 | 36,172 | ||||||||||
| Staff Cost | VND bil | 5,005 | 5,058 | 5,492 | 6,945 | 8,282 | ||||||||||
| Depreciation | VND bil | ... | ... | ... | ... | 888 | 993 | 927 | 921 | 1,160 | ... | |||||
| Other Cost | VND bil | ... | ... | ... | ... | 4,453 | 6,100 | 6,206 | 6,230 | 6,867 | ... | |||||
| Operating Cost | VND bil | 10,346 | 12,151 | 12,625 | 14,096 | 16,309 | ||||||||||
| Operating Profit | VND bil | 12,305 | 10,056 | 13,173 | 15,018 | 19,863 | ||||||||||
| Provisions | VND bil | 4,123 | 3,923 | 4,679 | 5,059 | 8,344 | ||||||||||
| Extra and Other Cost | VND bil | 431 | 939 | 1,191 | 1,515 | 2,351 | ||||||||||
| Pre-Tax Profit | VND bil | 7,751 | 5,195 | 7,303 | 8,444 | 9,169 | ||||||||||
| Tax | VND bil | 1,943 | 1,112 | 1,619 | 1,687 | 1,740 | ||||||||||
| Minorities | VND bil | 15.5 | 15.0 | 19.0 | 20.0 | 26.5 | ||||||||||
| Net Profit | VND bil | 5,792 | 4,068 | 5,665 | 6,738 | 7,402 | ||||||||||
| Dividends | VND bil | ... | ... | ... | ... | ... | 3,723 | 3,723 | 2,606 | 2,606 | 2,606 | ... | ||||
| growth rates | ||||||||||||||||
| Net Interest Income Growth | % | ... | -0.749 | -1.51 | 4.72 | 18.5 | 23.9 | |||||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | ... | 18.9 | -22.4 | 23.8 | 16.3 | 9.26 | |||||
| Total Revenue Growth | % | ... | 0.522 | -1.96 | 16.2 | 12.9 | 24.2 | |||||||||
| Operating Cost Growth | % | ... | 7.99 | 17.4 | 3.91 | 11.7 | 15.7 | |||||||||
| Operating Profit Growth | % | ... | -5.00 | -18.3 | 31.0 | 14.0 | 32.3 | |||||||||
| Pre-Tax Profit Growth | % | ... | -5.03 | -33.0 | 40.6 | 15.6 | 8.58 | |||||||||
| Net Profit Growth | % | ... | -5.76 | -29.8 | 39.2 | 18.9 | 9.86 | |||||||||
| market share | ||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | 12.8 | 12.0 | 12.4 | 12.2 | ... | ... | ... | |||||
| Market Share in Net Profit | % | ... | ... | ... | 19.3 | 23.8 | 18.2 | 16.3 | ... | ... | ... |
| balance sheet | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| balance sheet | ||||||||||||||||
| Cash | VND bil | 12,993 | 14,507 | 16,984 | 18,690 | 26,736 | ||||||||||
| Interbank Loans | VND bil | 73,080 | 75,434 | 66,019 | 94,469 | 107,510 | ||||||||||
| Customer Loans | VND bil | 372,989 | 435,503 | 533,530 | 655,089 | 782,385 | ||||||||||
| Retail Loans | VND bil | ... | ... | ... | 58,478 | 87,597 | 127,766 | 152,701 | 196,445 | ... | ||||||
| Corporate Loans | VND bil | ... | ... | ... | 317,748 | 352,272 | 409,633 | 509,273 | 593,416 | ... | ||||||
| Debt Securities | VND bil | 83,975 | 97,996 | 124,480 | 136,549 | 132,332 | ||||||||||
| Fixed Assets | VND bil | 6,809 | 8,502 | 8,412 | 10,463 | 10,624 | ||||||||||
| Intangible Assets | VND bil | 281 | 401 | 260 | 166 | 815 | ||||||||||
| Goodwill | VND bil | ... | ... | ... | ... | 9.98 | 8.17 | 6.35 | 4.54 | 2.72 | ||||||
| Total Assets | VND bil | 576,368 | 661,242 | 779,484 | 948,568 | 1,095,060 | ||||||||||
| Shareholders' Equity | VND bil | 54,288 | 55,259 | 56,110 | 60,307 | 63,765 | ||||||||||
| Of Which Minority Interest | VND bil | 213 | 225 | 242 | 260 | 296 | ||||||||||
| Liabilities | VND bil | 522,081 | 605,983 | 723,373 | 888,261 | 1,031,300 | ||||||||||
| Interbank Borrowing | VND bil | 106,471 | 131,328 | 156,918 | 81,593 | 122,235 | ||||||||||
| Customer Deposits | VND bil | 375,836 | 424,188 | 500,363 | 655,074 | 752,937 | ||||||||||
| Retail Deposits | VND bil | ... | ... | ... | ... | 198,836 | 236,752 | 277,282 | 348,447 | 412,340 | ... | |||||
| Corporate Deposits | VND bil | ... | ... | ... | ... | 165,661 | 187,429 | 215,678 | 306,627 | 340,597 | ... | |||||
| Sight Deposits | VND bil | ... | ... | 63,017 | 62,211 | 71,433 | 86,007 | 115,412 | ||||||||
| Term Deposits | VND bil | ... | ... | 301,355 | 347,142 | 412,035 | 548,045 | 631,945 | ||||||||
| Issued Debt Securities | VND bil | 11,792 | 14,482 | 23,173 | 38,279 | 36,995 | ||||||||||
| Other Liabilities | VND bil | 27,982 | 35,984 | 42,919 | 113,315 | 119,129 | ||||||||||
| asset quality | ||||||||||||||||
| Non-Performing Loans | VND bil | ... | ... | 3,770 | 4,905 | 4,942 | 6,982 | 9,011 | ||||||||
| Gross Loans | VND bil | ... | ... | ... | 376,289 | 439,869 | 538,080 | 661,988 | 790,688 | |||||||
| Total Provisions | VND bil | ... | ... | ... | 3,300 | 4,367 | 4,550 | 6,899 | 8,303 | |||||||
| growth rates | ||||||||||||||||
| Customer Loan Growth | % | ... | 13.1 | 16.8 | 22.5 | 22.8 | 19.4 | |||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | ... | 17.4 | 49.8 | 45.9 | 19.5 | 28.6 | ... | ||||
| Corporate Loan Growth | % | ... | ... | ... | ... | ... | 12.1 | 10.9 | 16.3 | 24.3 | 16.5 | ... | ||||
| Total Asset Growth | % | ... | 14.5 | 14.7 | 17.9 | 21.7 | 15.4 | |||||||||
| Shareholders' Equity Growth | % | ... | 60.4 | 1.79 | 1.54 | 7.48 | 5.73 | |||||||||
| Customer Deposit Growth | % | ... | 20.3 | 12.9 | 18.0 | 30.9 | 14.9 | |||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | ... | 32.9 | 19.1 | 17.1 | 25.7 | 18.3 | ... | ||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | ... | 18.8 | 13.1 | 15.1 | 42.2 | 11.1 | ... | ||||
| market share | ||||||||||||||||
| Market Share in Customer Loans | % | 12.4 | 13.0 | 13.3 | 13.5 | 13.5 | ... | ... | ||||||||
| Market Share in Corporate Loans | % | ... | ... | ... | ... | ... | ... | ... | 10.5 | 10.5 | 10.2 | 10.5 | ... | ... | ... | |
| Market Share in Total Assets | % | 10.5 | 11.0 | 11.2 | 11.7 | 11.3 | ... | ... | ||||||||
| Market Share in Customer Deposits | % | 10.2 | 9.92 | 9.91 | 11.0 | 11.1 | ... | ... |
| ratios | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| ratios | ||||||||||||||||
| ROE | % | ... | 13.1 | 7.43 | 10.2 | 11.6 | 11.9 | |||||||||
| ROA | % | ... | 1.07 | 0.657 | 0.786 | 0.780 | 0.724 | |||||||||
| Costs (As % Of Assets) | % | ... | 1.92 | 1.96 | 1.75 | 1.63 | 1.60 | |||||||||
| Costs (As % Of Income) | % | 45.7 | 54.7 | 48.9 | 48.4 | 45.1 | ||||||||||
| Capital Adequacy Ratio | % | ... | ... | ... | ... | ... | 13.2 | 10.4 | 10.6 | 10.4 | ... | ... | ... | |||
| Tier 1 Ratio | % | ... | ... | ... | ... | 9.38 | 8.32 | 7.17 | 6.31 | 5.73 | ... | |||||
| Net Interest Margin | % | ... | 3.39 | 2.91 | 2.62 | 2.59 | 2.71 | |||||||||
| Interest Spread | % | ... | 2.96 | 2.54 | 2.35 | 2.33 | 2.47 | |||||||||
| Asset Yield | % | ... | 8.21 | 6.71 | 5.90 | 6.13 | 6.45 | |||||||||
| Cost Of Liabilities | % | ... | 5.24 | 4.17 | 3.56 | 3.80 | 3.98 | |||||||||
| Payout Ratio | % | ... | ... | ... | ... | ... | 64.3 | 91.5 | 46.0 | 38.7 | 35.2 | ... | ||||
| Interest Income (As % Of Revenues) | % | 80.8 | 81.2 | 73.2 | 76.9 | 76.6 | ||||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | ... | 6.71 | 5.31 | 5.66 | 5.83 | 5.13 | ||||||
| Other Income (As % Of Revenues) | % | ... | ... | ... | ... | 12.5 | 13.5 | 21.2 | 17.3 | 18.2 | ||||||
| Cost Per Employee | USD per month | ... | ... | ... | 998 | 1,003 | 1,006 | 1,145 | 1,296 | |||||||
| Cost Per Employee (Local Currency) | VND per month | ... | ... | ... | 20,975,300 | 21,300,300 | 21,769,400 | 25,209,200 | 29,019,500 | |||||||
| Staff Cost (As % Of Total Cost) | % | 48.4 | 41.6 | 43.5 | 49.3 | 50.8 | ||||||||||
| Equity (As % Of Assets) | % | 9.42 | 8.36 | 7.20 | 6.36 | 5.82 | ||||||||||
| Loans (As % Of Deposits) | % | 99.2 | 103 | 107 | 100 | 104 | ||||||||||
| Loans (As % Assets) | % | 64.7 | 65.9 | 68.4 | 69.1 | 71.4 | ||||||||||
| NPLs (As % Of Loans) | % | ... | ... | ... | 1.00 | 1.12 | 0.918 | 1.05 | 1.14 | |||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 87.5 | 89.0 | 92.1 | 98.8 | 92.1 | |||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | 0.885 | 1.00 | 0.853 | 1.05 | 1.06 | |||||||
| Cost of Provisions (As % Of Loans) | % | ... | 1.17 | 0.970 | 0.966 | 0.851 | 1.16 |
| other data | Unit | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
| other data | ||||||||||||||||
| Employees | ... | ... | ... | 19,886 | 19,787 | 21,024 | 22,957 | 23,784 | ||||||||
| Sight (As % Of Customer Deposits) | % | ... | ... | 16.8 | 14.7 | 14.3 | 13.1 | 15.3 | ||||||||
| Return on Loans | % | 1.65 | 1.01 | 1.17 | 1.13 | 1.03 | ||||||||||
| Operating Profit (As % of Loans) | % | ... | 3.50 | 2.49 | 2.72 | 2.53 | 2.76 | |||||||||
| Costs (As % Of Loans) | % | ... | 2.94 | 3.01 | 2.61 | 2.37 | 2.27 | |||||||||
| Equity (As % Of Loans) | % | 14.6 | 12.7 | 10.5 | 9.21 | 8.15 |
Get all company financials in excel:
By Helgi Library - March 1, 2020
VietinBank made a net profit of VND 2,655 bil under revenues of VND 11,958 bil in the fourth quarter of 2019, up 262% and 441% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of VND 2,708 b...
By Helgi Library - March 4, 2020
VietinBank's non-performing loans reached 1.16% of total loans at the end of 2019-12-31, down from 1.58% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.61% in 2012-09-30 and an all time low of 0.010% in 2011-06-30. Prov...
By Helgi Library - March 4, 2020
VietinBank's non-performing loans reached 1.16% of total loans at the end of 2019-12-31, down from 1.58% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.61% in 2012-09-30 and an all time low of 0.010% in 2011-06-30. Prov...
By Helgi Library - March 1, 2020
VietinBank generated total banking revenues of VND 11,958 bil in the fourth quarter of 2019, up 441% when compared to the same period of last year and 5.62% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...
By Helgi Library - March 1, 2020
VietinBank generated total banking revenues of VND 11,958 bil in the fourth quarter of 2019, up 441% when compared to the same period of last year and 5.62% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, f...
By Helgi Library - March 1, 2020
VietinBank's net interest margin amounted to 2.86% in the fourth quarter of 2019, up from 2.80% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.32% in 3Q2011 and an all time low of 0.270%...
By Helgi Library - March 1, 2020
VietinBank stock traded at VND 20,900 per share at the end fourth quarter of 2019 implying a market capitalization of USD 3,358 mil. Since the end of 4Q2014, the stock has appreciated by 51.4 % implying an annual average growth of 8.66 %. In absolute terms, the value ...
By Helgi Library - March 1, 2020
VietinBank stock traded at VND 20,900 per share at the end fourth quarter of 2019 implying a market capitalization of USD 3,358 mil. Since the end of 4Q2014, the stock has appreciated by 51.4 % implying an annual average growth of 8.66 %. In absolute terms, the value ...
By Helgi Library - March 1, 2020
VietinBank's net interest margin amounted to 2.86% in the fourth quarter of 2019, up from 2.80% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 5.32% in 3Q2011 and an all time low of 0.270%...
By Helgi Library - March 1, 2020
VietinBank stock traded at VND 20,900 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 3,358 mil. Over the last five years, the stock has appreciated by 51.4 implying an annual average growth of 8.66% In absolute term...
VietinBank has been growing its revenues and asset by 16.4% and 17.7% a year on average in the last 10 years. Its loans and deposits have grown by 19.0% and 19.5% a year during that time and loans to deposits ratio reached 101% at the end of 2019. The company achieved an average return on equity of 14.1% in the last decade with net profit growing 13.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 37.0% in 2019, compared to 46.0% average in the last decade.
Equity represented 6.23% of total assets or 8.39% of loans at the end of 2019. VietinBank's non-performing loans were 1.16% of total loans while provisions covered some 120% of NPLs at the end of 2019.
VietinBank stock traded at VND 20,900 per share at the end of 2019 resulting in a market capitalization of USD 3,358 mil. Over the previous five years, stock price rose by 51.4% or 8.66% a year on average. That’s compared to an average ROE of 10.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.23x and price to book value (PBV) of 1.01x in 2019.
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