VCB’s 4Q24 results

VCB’s 4Q24 PATMI fell by -9.1% YoY, bringing full-year PATMI to VND33.8 tn (+2.2% YoY). This completes just 84% of our forecast, largely due to an 11% miss vs our net interest income forecast, as VCB followed the SBV directives to support borrowers impacted by economic headwinds and Typhoon Yagi.

For the complete report, please access here: VCB_4Q24_Results Highlights

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