- VPBank reported a significant increase in pretax profit for the fourth quarter of 2024, reaching 6.1 trillion dong compared to 2.5 trillion dong in the same period the previous year.
- For the full year 2024, VPBank’s pretax profit grew by 85% year-over-year, totaling 20 trillion dong.
- The bank credited its impressive profit growth to positive economic developments during the year-end period, coupled with accelerated credit growth in strategic segments.
- VPBank expanded its credit scale, focusing on strategic and high-potential Foreign Direct Investment (FDI) segments, achieving solid credit growth.
- As of December 31, 2024, the parent bank’s credit to customers exceeded 629 trillion dong, reflecting a 19.4% increase from the previous year.
- In the fourth quarter alone, credit to customers surged by 8.2% compared to the preceding quarter.
- Total assets of VPBank reached 923.85 trillion dong as of December 31, 2024, up from 817.6 trillion dong at the end of 2023.
- Market analysts show confidence in VPBank with recommendations including 12 buys and 2 holds, with no sell recommendations.
A look at Vietnam Prosperity Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
Analysts evaluating Vietnam Prosperity Bank’s long-term prospects assign it a mixed outlook based on Smartkarma Smart Scores. While the bank scores moderately across several key factors including Value, Dividend, Growth, and Momentum, its Resilience score is lower. This suggests that while the bank performs decently in terms of value, dividends, growth potential, and momentum, it may face challenges in terms of resilience to economic shocks or adverse market conditions.
As a provider of commercial banking services, Vietnam Prosperity Bank, also known as VPBank, caters to a diverse range of customers in Vietnam. Offering a variety of financial services including remittance, savings accounts, loans, e-banking, trade financing, and more, VPBank has positioned itself as a key player in the Vietnamese banking sector. The bank’s Smartkarma Smart Scores indicate a balanced performance across different metrics, reflecting its stable position in the market with opportunities for growth and value creation.
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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