By Helgi Library - March 1, 2020
Vietnam Prosperity Bank made a net profit of VND 1,982 bil in the fourth quarter of 2019, down 18.3% when compared to the same pe...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's non-performing loans reached 3.42% of total loans at the end of 2019-12-31, down from 3.50% compared to...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank stock traded at VND 20,000 per share at the end fourth quarter of 2019 implying a market capitalization of USD 2,104 ...
Profit Statement | Jun 2019 | Sep 2019 | Dec 2019 | |
Net Interest Income | VND bil | 7,666 | 7,980 | 8,064 |
Net Fee Income | VND bil | 489 | 709 | 1,028 |
Other Income | VND bil | 940 | 1,081 | 1,148 |
Total Revenues | VND bil | 9,095 | 9,769 | 10,239 |
Staff Cost | VND bil | 1,857 | 1,936 | 6,770 |
Operating Profit | VND bil | 5,797 | 6,559 | 6,818 |
Provisions | VND bil | 3,266 | 3,523 | 3,695 |
Net Profit | VND bil | 1,336 | 1,826 | 1,982 |
Balance Sheet | Jun 2019 | Sep 2019 | Dec 2019 | |
Interbank Loans | VND bil | 19,982 | 16,301 | 20,098 |
Customer Loans | VND bil | 243,518 | 249,771 | 253,100 |
Total Assets | VND bil | 348,732 | 358,236 | 377,214 |
Shareholders' Equity | VND bil | 38,208 | 40,491 | 42,218 |
Interbank Borrowing | VND bil | 75,660 | 39,505 | 43,100 |
Customer Deposits | VND bil | 197,363 | 235,603 | 246,314 |
Issued Debt Securities | VND bil | 25,872 | 30,439 | 33,315 |
Ratios | Jun 2019 | Sep 2019 | Dec 2019 | |
ROE | % | 14.4 | 18.6 | 19.2 |
ROA | % | 1.59 | 2.07 | 2.16 |
Costs (As % Of Assets) | % | 3.93 | 3.63 | 3.72 |
Costs (As % Of Income) | % | 36.3 | 32.9 | 33.4 |
Net Interest Margin | % | 9.14 | 9.03 | 8.77 |
Loans (As % Of Deposits) | % | 123 | 106 | 103 |
NPLs (As % Of Loans) | % | 3.43 | 3.50 | 3.42 |
Provisions (As % Of NPLs) | % | 48.5 | 49.6 | 46.4 |
Valuation | Jun 2019 | Sep 2019 | Dec 2019 | |
Price/Earnings (P/E) | 8.69 | 7.42 | 6.17 | |
Price/Book Value (P/BV) | 1.22 | 1.34 | 1.16 | |
Earnings Per Share (EPS) | VND | 2,176 | 2,973 | 3,241 |
Book Value Per Share | VND | 15,552 | 16,482 | 17,256 |
Get all company financials in excel:
summary | Unit | 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 | 6,380 | 6,002 | 6,513 | 6,785 | 7,666 | |||||||||||
Total Revenues | VND bil | 6,946 | 8,342 | 9,644 | 8,427 | 9,095 | |||||||||||
Operating Profit | VND bil | 4,460 | 5,033 | 6,612 | 5,359 | 5,797 | |||||||||||
Net Profit | VND bil | 757 | 1,367 | 2,426 | 1,414 | 1,336 | |||||||||||
balance sheet | |||||||||||||||||
Interbank Loans | VND bil | 18,197 | 6,447 | 16,572 | 8,638 | 19,982 | |||||||||||
Customer Loans | VND bil | 195,315 | 196,151 | 218,395 | 227,412 | 243,518 | |||||||||||
Debt Securities | VND bil | 57,655 | 65,521 | 56,320 | 59,364 | 55,311 | |||||||||||
Total Assets | VND bil | 293,112 | 296,216 | 323,291 | 322,080 | 348,732 | |||||||||||
Shareholders' Equity | VND bil | 32,989 | 31,987 | 34,750 | 36,180 | 38,208 | |||||||||||
Interbank Borrowing | VND bil | 52,140 | 54,039 | 52,714 | 34,139 | 75,660 | |||||||||||
Customer Deposits | VND bil | 197,426 | 197,174 | 204,232 | 219,252 | 197,363 | |||||||||||
Issued Debt Securities | VND bil | 246 | 1,826 | 20,906 | 21,790 | 25,872 | |||||||||||
ratios | |||||||||||||||||
ROE | % | ... | 9.37 | 16.8 | 29.1 | 16.0 | 14.4 | ||||||||||
ROA | % | ... | 1.05 | 1.86 | 3.13 | 1.75 | 1.59 | ||||||||||
Costs (As % Of Assets) | % | ... | 3.44 | 4.49 | 3.91 | 3.80 | 3.93 | ||||||||||
Costs (As % Of Income) | % | 35.8 | 39.7 | 31.4 | 36.4 | 36.3 | |||||||||||
Net Interest Margin | % | ... | 8.84 | 8.15 | 8.41 | 8.41 | 9.14 | ||||||||||
Interest Income (As % Of Revenues) | % | 91.9 | 72.0 | 67.5 | 80.5 | 84.3 | |||||||||||
Fee Income (As % Of Revenues) | % | 1.32 | 4.79 | 6.31 | 8.84 | 5.37 | |||||||||||
Staff Cost (As % Of Total Cost) | % | 50.9 | 54.2 | 49.0 | 58.0 | 56.3 | |||||||||||
Equity (As % Of Assets) | % | 11.3 | 10.8 | 10.7 | 11.2 | 11.0 | |||||||||||
Loans (As % Of Deposits) | % | 98.9 | 99.5 | 107 | 104 | 123 | |||||||||||
Loans (As % Assets) | % | 66.6 | 66.2 | 67.6 | 70.6 | 69.8 | |||||||||||
NPLs (As % Of Loans) | % | 4.07 | 4.70 | 3.50 | 3.62 | 3.43 | |||||||||||
Provisions (As % Of NPLs) | % | 43.9 | 41.7 | 45.9 | 48.3 | 48.5 | |||||||||||
valuation | |||||||||||||||||
Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | ... | ... | ... | 3,208 | 2,823 | 2,112 | 2,139 | 1,993 | |||||
Number Of Shares (Average) | mil | 2,423 | 2,457 | 2,457 | 2,457 | 2,457 | |||||||||||
Share Price (End Of Period) | VND | ... | ... | ... | ... | ... | ... | 28,700 | 26,800 | 19,950 | 20,200 | 18,900 | |||||
Earnings Per Share (EPS) | VND | 1,250 | 2,225 | 3,951 | 2,303 | 2,176 | |||||||||||
Book Value Per Share | VND | 13,615 | 13,020 | 14,145 | 14,727 | 15,552 | |||||||||||
Price/Earnings (P/E) | ... | ... | ... | ... | ... | ... | 23.0 | 12.0 | 5.05 | 8.77 | 8.69 | ||||||
Price/Book Value (P/BV) | ... | ... | ... | ... | ... | ... | 2.11 | 2.06 | 1.41 | 1.37 | 1.22 | ||||||
Earnings Per Share Growth | % | ... | ... | ... | ... | -52.5 | -34.9 | 38.1 | -33.0 | 74.1 | |||||||
Book Value Per Share Growth | % | ... | ... | ... | ... | 13.2 | 4.48 | 15.4 | 12.8 | 14.2 |
income statement | Unit | 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 | 9,996 | 9,955 | 10,600 | 11,377 | 12,114 | |||||||||||
Interest Cost | VND bil | 3,617 | 3,952 | 4,087 | 4,592 | 4,448 | |||||||||||
Net Interest Income | VND bil | 6,380 | 6,002 | 6,513 | 6,785 | 7,666 | |||||||||||
Net Fee Income | VND bil | 91.6 | 400 | 608 | 745 | 489 | |||||||||||
Other Income | VND bil | 474 | 1,940 | 2,523 | 897 | 940 | |||||||||||
Total Revenues | VND bil | 6,946 | 8,342 | 9,644 | 8,427 | 9,095 | |||||||||||
Staff Cost | VND bil | 1,264 | 1,793 | 1,485 | 1,781 | 1,857 | |||||||||||
Depreciation | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Other Cost | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
Operating Cost | VND bil | 2,485 | 3,309 | 3,031 | 3,068 | 3,297 | |||||||||||
Operating Profit | VND bil | 4,460 | 5,033 | 6,612 | 5,359 | 5,797 | |||||||||||
Provisions | VND bil | 2,794 | 2,748 | 3,059 | 3,204 | 3,266 | |||||||||||
Extra and Other Cost | VND bil | 728 | 576 | 516 | 382 | 863 | |||||||||||
Pre-Tax Profit | VND bil | 938 | 1,709 | 3,037 | 1,773 | 1,669 | |||||||||||
Tax | VND bil | 181 | 342 | 611 | 359 | 333 | |||||||||||
Minorities | VND bil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Net Profit | VND bil | 757 | 1,367 | 2,426 | 1,414 | 1,336 | |||||||||||
growth rates | |||||||||||||||||
Net Interest Income Growth | % | ... | ... | ... | ... | 34.2 | 11.9 | 13.8 | 16.8 | 20.2 | |||||||
Net Fee Income Growth | % | ... | ... | ... | ... | -72.1 | -0.766 | 42.9 | 45.3 | 434 | |||||||
Total Revenue Growth | % | ... | ... | ... | ... | 9.35 | 23.0 | 23.8 | 4.07 | 30.9 | |||||||
Operating Cost Growth | % | ... | ... | ... | ... | 8.20 | 43.2 | 14.5 | 23.2 | 32.7 | |||||||
Operating Profit Growth | % | ... | ... | ... | ... | 10.0 | 12.5 | 28.6 | -4.42 | 30.0 | |||||||
Pre-Tax Profit Growth | % | ... | ... | ... | ... | -30.0 | -27.9 | 35.8 | -32.0 | 77.9 | |||||||
Net Profit Growth | % | ... | ... | ... | ... | -29.2 | -27.9 | 40.0 | -32.0 | 76.5 |
balance sheet | Unit | 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 | 5,647 | 9,917 | 12,684 | 6,031 | 9,205 | |||||||||||
Interbank Loans | VND bil | 18,197 | 6,447 | 16,572 | 8,638 | 19,982 | |||||||||||
Customer Loans | VND bil | 195,315 | 196,151 | 218,395 | 227,412 | 243,518 | |||||||||||
Retail Loans | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 128,504 | ... | 141,214 | ... | |||
Corporate Loans | VND bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | 93,457 | ... | 106,418 | ... | |||
Debt Securities | VND bil | 57,655 | 65,521 | 56,320 | 59,364 | 55,311 | |||||||||||
Fixed Assets | VND bil | 421 | 426 | 1,454 | 1,388 | 1,411 | |||||||||||
Total Assets | VND bil | 293,112 | 296,216 | 323,291 | 322,080 | 348,732 | |||||||||||
Shareholders' Equity | VND bil | 32,989 | 31,987 | 34,750 | 36,180 | 38,208 | |||||||||||
Of Which Minority Interest | VND bil | 0 | 0 | 0 | 0 | 0 | |||||||||||
Liabilities | VND bil | 260,124 | 264,229 | 288,541 | 285,900 | 310,524 | |||||||||||
Interbank Borrowing | VND bil | 52,140 | 54,039 | 52,714 | 34,139 | 75,660 | |||||||||||
Customer Deposits | VND bil | 197,426 | 197,174 | 204,232 | 219,252 | 197,363 | |||||||||||
Sight Deposits | VND bil | 17,430 | 18,393 | 22,630 | 17,542 | 19,783 | |||||||||||
Term Deposits | VND bil | 179,427 | 177,962 | 180,859 | 201,091 | 176,808 | |||||||||||
Issued Debt Securities | VND bil | 246 | 1,826 | 20,906 | 21,790 | 25,872 | |||||||||||
asset quality | |||||||||||||||||
Non-Performing Loans | VND bil | 8,091 | 9,401 | 7,766 | 8,376 | 8,491 | |||||||||||
Gross Loans | VND bil | 198,870 | 200,075 | 221,962 | 231,458 | 247,633 | |||||||||||
Total Provisions | VND bil | 3,556 | 3,925 | 3,567 | 4,046 | 4,115 | |||||||||||
growth rates | |||||||||||||||||
Customer Loan Growth | % | ... | ... | ... | ... | 22.5 | 18.8 | 21.7 | 22.5 | 24.7 | |||||||
Retail Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 9.48 | ... | ... | ... | ||
Corporate Loan Growth | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 43.1 | ... | ... | ... | ||
Total Asset Growth | % | ... | ... | ... | ... | 17.9 | 16.7 | 16.4 | 13.3 | 19.0 | |||||||
Shareholders' Equity Growth | % | ... | ... | ... | ... | 69.0 | 15.8 | 17.0 | 14.4 | 15.8 | |||||||
Customer Deposit Growth | % | ... | ... | ... | ... | 7.51 | 9.37 | 10.6 | 12.5 | -0.032 | |||||||
market share | |||||||||||||||||
Market Share in Customer Loans | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||
Market Share in Total Assets | % | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||
Market Share in Customer Deposits | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
ratios | Unit | 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 | % | ... | 9.37 | 16.8 | 29.1 | 16.0 | 14.4 | ||||||||||
ROA | % | ... | 1.05 | 1.86 | 3.13 | 1.75 | 1.59 | ||||||||||
Costs (As % Of Assets) | % | ... | 3.44 | 4.49 | 3.91 | 3.80 | 3.93 | ||||||||||
Costs (As % Of Income) | % | 35.8 | 39.7 | 31.4 | 36.4 | 36.3 | |||||||||||
Net Interest Margin | % | ... | 8.84 | 8.15 | 8.41 | 8.41 | 9.14 | ||||||||||
Interest Spread | % | ... | 8.21 | 7.48 | 7.77 | 7.71 | 8.48 | ||||||||||
Asset Yield | % | ... | 13.8 | 13.5 | 13.7 | 14.1 | 14.4 | ||||||||||
Cost Of Liabilities | % | ... | 5.64 | 6.03 | 5.91 | 6.39 | 5.97 | ||||||||||
Interest Income (As % Of Revenues) | % | 91.9 | 72.0 | 67.5 | 80.5 | 84.3 | |||||||||||
Fee Income (As % Of Revenues) | % | 1.32 | 4.79 | 6.31 | 8.84 | 5.37 | |||||||||||
Other Income (As % Of Revenues) | % | 6.83 | 23.3 | 26.2 | 10.6 | 10.3 | |||||||||||
Cost Per Employee | USD per month | 740 | 1,011 | 792 | 943 | 994 | |||||||||||
Cost Per Employee (Local Currency) | VND per month | 16,694,600 | 22,925,900 | 18,041,200 | 21,590,900 | 22,895,500 | |||||||||||
Staff Cost (As % Of Total Cost) | % | 50.9 | 54.2 | 49.0 | 58.0 | 56.3 | |||||||||||
Equity (As % Of Assets) | % | 11.3 | 10.8 | 10.7 | 11.2 | 11.0 | |||||||||||
Loans (As % Of Deposits) | % | 98.9 | 99.5 | 107 | 104 | 123 | |||||||||||
Loans (As % Assets) | % | 66.6 | 66.2 | 67.6 | 70.6 | 69.8 | |||||||||||
NPLs (As % Of Loans) | % | 4.07 | 4.70 | 3.50 | 3.62 | 3.43 | |||||||||||
Provisions (As % Of NPLs) | % | 43.9 | 41.7 | 45.9 | 48.3 | 48.5 | |||||||||||
Provisions (As % Of Loans) | % | 1.82 | 2.00 | 1.63 | 1.78 | 1.69 | |||||||||||
Cost of Provisions (As % Of Loans) | % | ... | 5.87 | 5.62 | 5.90 | 5.75 | 5.55 |
other data | Unit | 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 | 25,235 | 26,065 | 27,429 | 27,490 | 27,037 | ||||||||||||
Sight (As % Of Customer Deposits) | % | 8.83 | 9.33 | 11.1 | 8.00 | 10.0 | |||||||||||
Return on Loans | % | ... | 3.39 | 3.03 | 3.20 | 2.68 | 2.78 | ||||||||||
Operating Profit (As % of Loans) | % | ... | ... | ... | 10.3 | 10.3 | 10.5 | 9.63 | 9.68 | ||||||||
Costs (As % Of Loans) | % | ... | 5.48 | 5.78 | 5.69 | 5.68 | 5.74 | ||||||||||
Equity (As % Of Loans) | % | 16.9 | 16.3 | 15.9 | 15.9 | 15.7 |
Get all company financials in excel:
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's net interest margin amounted to 8.77% in the fourth quarter of 2019, down from 9.03% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 9.14% in 2Q2019 and an all time low...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank stock traded at VND 20,000 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 2,104 mil. Over the last five years, the stock has appreciated by 0 implying an annual average growth of 0% In absolu...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank generated total banking revenues of VND 10,239 bil in the fourth quarter of 2019, up 6.17% when compared to the same period of last year and 4.81% when compared to the previous quarter. Historically, the bank’s revenues containing of i...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's customer loan growth reached 15.9% in 2019-12-31, down from 21.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 37.1% in 2017-06-30 and an all time low of 15.9% in 2019-12-31. In...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's Equity reached 11.2% of total assets in the 4Q2019, up from 10.7% for the previous year. As a share of net customer loans, the ratio amounted to 16.7% at the end of the fourth quarter of 2019. ...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank made a net profit of VND 6,559 bil under revenues of VND 37,530 bil in 2019, up -10.1% and 10.7% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 7,294 bil in 2018 and an all time low ...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's net interest margin amounted to 8.71% in 2019, up from 8.22% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 8.71% in 2019 and an all time low of 2.50% in 2010. The averag...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's non-performing loans reached 3.42% of total loans at the end of 2019, down from 3.50% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.50% in 2018 and an all time low of 1.82% in 2011. Provision ...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank generated total banking revenues of VND 37,530 bil in 2019, up 10.7% 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 37,530 bil in...
By Helgi Library - March 1, 2020
Vietnam Prosperity Bank's customer loan growth reached 15.9% in 2019, down from 21.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 303% in 2007 and an all time low of -2.88% in 2008. In the last decade, ...
Vietnam Prosperity Bank has been growing its revenues and asset by 40.3% and 18.2% a year on average in the last 5 years. Its loans and deposits have grown by 26.8% and 17.8% a year during that time and loans to deposits ratio reached 103% at the end of 2019. The company achieved an average return on equity of 22.6% in the last five years with net profit growing 38.7% a year on average. In terms of operating efficiency, its cost to income ratio reached 34.6% in 2019, compared to 37.2% average in the last five years.
Equity represented 11.2% of total assets or 16.7% of loans at the end of 2019. Vietnam Prosperity Bank's non-performing loans were 3.42% of total loans while provisions covered some 46.4% of NPLs at the end of 2019.
Vietnam Prosperity Bank stock traded at VND 20,000 per share at the end of 2019 resulting in a market capitalization of USD 2,104 mil. Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 22.1% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.46x and price to book value (PBV) of 1.16x in 2019.