ACB’s 4Q24 results highlights

4Q24 PATMI (+17% QoQ/+13% YoY) came in at VND4.5tn. Full-year PATMI was VND16.8tn (+5% YoY), completing 95% of the bank’s target and 87% of our forecast. The main driver of the forecast miss was a greater-than-expected decline in investment gains, which fell by -86% YoY in 4Q24 and achieved only 35% of our full-year estimate.

For the complete report, please access here: ACB_4Q24_Results highlights

Analyst: Tanh Tran, tanh.tran@yuanta.com.vn