
- VPBank’s third-quarter net income was 7.3 trillion dong, marking an 81% increase compared to the previous year.
- Net interest income for the third quarter rose to 15.06 trillion dong, a 22% increase year over year.
- For the first nine months of the year, net interest income totaled 41.9 trillion dong, representing a 14% increase from last year.
- Net income for the first nine months amounted to 16.03 trillion dong, which is a 44% increase year over year.
- The basic earnings per share (EPS) increased to 2,021 dong compared to 1,407 dong the previous year.
- Consolidated total assets of VPBank reached 1.18 quadrillion dong by the end of the third quarter, showing a 28% year-to-date increase.
- Credit growth for the bank was at 28% year-to-date by the end of the third quarter.
- The non-performing loan (NPL) ratio remained below 3% as of the end of the third quarter.
- VPBank’s share price rose by 2.5% to 32,500 dong, with 57.1 million shares traded.
- The market sentiment included 8 buy ratings, 5 hold ratings, and 2 sell ratings for VPBank shares.
A look at Vietnam Prosperity Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Vietnam Prosperity Bank, the overall picture seems positive according to the Smartkarma Smart Scores. With a high momentum score of 5, the bank is showing strong and consistent growth potential. Additionally, its value, growth, resilience, and dividend scores are all solid, ranging from 2 to 3, indicating a stable performance across different financial aspects. Vietnam Prosperity Bank, also known as VPBank, offers a variety of commercial banking services in Vietnam, catering to the local market’s needs with services like savings accounts, personal loans, e-banking, trade financing, and more.
Based on the Smartkarma Smart Scores, Vietnam Prosperity Bank appears to be in a good position for long-term success. With an overall positive outlook reflected in its scores, investors may find VPBank to be an appealing option for potential investment opportunities. The bank’s strong momentum score suggests continued growth, while its value, growth, resilience, and dividend scores provide a solid foundation for financial stability. VPBank’s focus on commercial banking services in Vietnam further underscores its commitment to serving its local customers with a wide range of banking solutions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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