Earnings Alerts

BID Earnings Surge: BIDV Reports 30 Trillion Dong Unconsolidated Pretax Profit

By January 13, 2025 No Comments
  • BIDV reported an unconsolidated pretax profit of 30 trillion dong for the fiscal year.
  • The bank’s total assets reached 2,700 trillion dong as of December 31, 2024.
  • In 2024, BIDV experienced a credit growth of 15.3% while deposits grew by 13%.
  • The bad debt ratio was maintained at 1.3% of the total outstanding loans.
  • BIDV aims to increase its unconsolidated pretax profit by up to 10% in 2025, according to a statement on its website.
  • Analyst ratings for BIDV include eight buy recommendations, three holds, and zero sells.

A look at Bank For Investment And Deve Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE2.6

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

Bank For Investment And Deve (BIDV) shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong score of 5 in Growth, the company is anticipated to experience significant expansion in the coming years. This growth potential indicates positive prospects for BIDV’s business development and market performance in the future.

Additionally, BIDV demonstrates a decent Momentum score of 3, suggesting a favorable trend in its stock price. Although the company’s scores for Value, Dividend, and Resilience are more moderate, the high marks in Growth and Momentum position Bank For Investment And Deve well for long-term success in the competitive banking sector.

Summary: Bank for Investment and Development of Vietnam provides commercial banking services, offering a range of financial products and services to individual customers, corporations, and financial institutions, including deposits, loans, e-banking, trade finance, foreign exchange, 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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