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VietinBank

VietinBank's customer deposits rose 30.9% yoy to VND 655,074 bil in 4Q2016

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...

VietinBank's net profit rose 262% yoy to VND 2,655 bil in 4Q2019

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...

VietinBank's npls (as % of loans) fell 27.0% yoy to 1.16% in 4Q2019

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...

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

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VietinBank's net interest income rose 1,005% yoy to VND 8,721 bil in 4Q2019

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...

VietinBank's net interest margin rose 957% yoy to 2.86% in 4Q2019

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%...

VietinBank's price/earnings (P/E) rose 167% yoy to 7.33 in 4Q2019

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 ...

VietinBank's market capitalisation (end of period) rose 8.46% yoy to USD 3,358 mil in 4Q2019

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's customer loan growth fell 7.00% yoy to 8.27% in 4Q2019

By Helgi Library - March 1, 2020

VietinBank's customer loan growth reached 8.27% in 2019-12-31, down from 8.89% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 43.2% in 2010-12-31 and an all time low of 0.759% in 2019-09-30. In the last de...

VietinBank's equity (as % of assets) rose 7.62% yoy to 6.23% in 4Q2019

By Helgi Library - March 1, 2020

VietinBank's Equity reached 6.23% 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 8.39% at the end of the fourth quarter of 2019. ...

VietinBank's net profit rose 147% yoy to VND 9,461 bil in 2019

By Helgi Library - March 1, 2020

VietinBank made a net profit of VND 9,461 bil under revenues of VND 44,812 bil in 2019, up 147% and 45.2% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 9,461 bil in 2019 and an all time low of VND 423 ...

VietinBank's price/earnings (P/E) fell 56.2% yoy to 8.23 in 2019

By Helgi Library - March 1, 2020

VietinBank stock traded at VND 20,900 per share at the end 2019 implying a market capitalization of USD 3,358 mil. Since the end of 2014, the stock has appreciated by 51.4 % implying an annual average growth of 8.66 %. In absolute terms, the value of the company ...

VietinBank's net interest income rose 46.7% yoy to VND 33,425 bil in 2019

By Helgi Library - March 1, 2020

VietinBank generated total banking revenues of VND 44,812 bil in 2019, up 45.2% 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 44,812 bil in 2019 and an ...

VietinBank's npls (as % of loans) fell 27.0% yoy to 1.16% in 2019

By Helgi Library - March 1, 2020

VietinBank's non-performing loans reached 1.16% of total loans at the end of 2019, down from 1.58% compared to the previous year. Historically, the NPL ratio hit an all time high of 1.58% in 2018 and an all time low of 0.613% in 2009. Provision coverage amo...

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Finance

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.

Valuation

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.