VCB’s 3Q24 Results Highlights

3Q24 PATMI reached VND8.6 tn (+6% QoQ/+18% YoY) largely driven by reduced provisioning. 9M24 PATMI reached VND25.3 tn, completing 63% of our 2024E forecast, primarily on lower-than-expected net interest income as VCB has followed the SBV’s direction to cut loan yields to support borrowers.

For the complete report, please access here: VCB_3Q24_Results Highlights

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