- BIDV reported a profit after tax of 7.46 trillion dong for the fourth quarter, marking a 22% increase compared to the previous year.
- For the entire year of 2024, BIDV’s profit after tax reached 25.1 trillion dong, representing a 14% year-over-year increase.
- Net interest income grew to 15.6 trillion dong in the fourth quarter, up from 14.9 trillion dong the previous year.
- Total assets increased to 2,760 trillion dong by December 31, 2024, compared to 2,300 trillion dong at the end of 2023.
- In terms of investment recommendations, there are 9 “buy” ratings, 2 “hold” ratings, and 1 “sell” rating for the company.
A look at Bank For Investment And Deve Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.6 |
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
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In assessing the long-term outlook for Bank For Investment And Development utilizing the Smartkarma Smart Scores, the company received varying scores across different factors. While scoring high in areas such as Growth and Momentum, indicating positive indicators for future expansion and market performance, it scored lower in Value, Dividend, and Resilience. These lower scores suggest potential areas for improvement and caution for investors. Bank For Investment And Development of Vietnam, a provider of commercial banking services including deposits, loans, e-banking, and financial market services, will need to focus on enhancing its value proposition, dividend offerings, and resilience to market fluctuations to strengthen its long-term position.
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With a strong emphasis on growth and momentum, Bank For Investment And Development shows promise for future development and market competitiveness. However, the lower scores in key areas like Value and Dividend highlight areas where the company may need to enhance its strategies to improve overall investor confidence. As a provider of a range of banking and financial services, including foreign exchange and debt market services, Bank For Investment And Development of Vietnam will need to carefully navigate these factors to ensure a balanced long-term outlook that maximizes growth opportunities while maintaining stability.
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Summary of the company: Bank for Investment and Development of Vietnam provides commercial banking services including deposits, personal loans, e-banking, guarantees, and trade finance for customers, corporate, and financial institutions. Additionally, it offers foreign exchange, money market, derivatives, and debt market services.
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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