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The second quarter booms profits from the banking industry

Tuesday - 10/07/2018 21:26
At the beginning of July, large and small banks began to disclose the huge gains in Q2 as well as the first half of 2018.
Although the second quarter financial report has not been released yet, a series of large and small banks have revealed unexpectedly about the profit made with many "dream" figures.

Explosive Q2

As the bank announced its first half year business plan, Vietcombank said that in the first half of 2018, pre-tax profit was more than 7,700 billion dong, up 52.7 percent against the same period last year and equal to 55 percent. 2% of the whole year plan. With this result, Vietcombank will surely continue to hold the top position in terms of profits across the industry.

Having such impressive figures, besides business efficiency and breakthrough service, Vietcombank also has the advantage of withdrawing capital from OCB at high price. Currently, the bank still has capital at Eximbank and MB, if withdrawing capital in accordance with the roadmap, will also record other big profits in the future.

Meanwhile, information from the South Asia Bank, as of June 16, 1818, the total assets of the bank reached 91%, capital mobilization reached 88%, pre-tax profit reached 97.3% of the plan year. With the goal of gaining 300 billion shares approved by shareholders, the number of Nam A Bank recorded in the first 6 months was equivalent to 292 billion - nearly equal to the profit of 2017 achieved and the best in the least. The last 5 years.

In addition to recovering strongly from 2015 to 2016, Nam A Bank is now also trusted by the State Bank of Vietnam and assigned to restructure three people's credit funds in Dong Nai.

OCB said that thanks to the increase in credit income, the good profit from services, especially insurance income, helped the bank generate more than VND1,300 billion in pre-tax profit in the first half of this year, a 2.6 times increase. over the same period of 2017. As shown in the past two years, as the first integrated channel bank, leading banks in Basel II, profitability and scale increased continuously this quarter through quarter The professional evaluation of Orient Commercial JS Bank is the best proof of the small bank group in terms of both brand strength and market position.

VIB also has some remarkable performances. In the first half of this year, the bank had a pre-tax profit of over VND 1,150 billion, three times higher than the same period last year. The most important contribution to VIB's growth and profitability was retail banking, with sales up 100% over the same period last year.

If other banks are prone to profit from services and credit, VIB has a combination of tight control of asset quality and lower costs. By June 30th, according to the bank, the short-term mobilization ratio for medium and long-term loans was only 40.7% (while the regulation was 45%), the loan-to-deposit ratio (LDR) was not reached 76% while the maximum regulation is 80%, and the capital adequacy ratio is 12.25%. Particularly, VIB's cost / revenue (CIR) performance fell from 65% in the same period last year to 49%. VIB leaders are proud of this index as the bank has found a viable way to bring the CIR down gradually over the quarter.

Some banks have not yet announced their Q2 business results and want to wait for their public financial statements in the next few days, but now they have signaled that their first half profit exceeded their full-year target of HDBank , Techcombank, Sacombank, MB ...

It is expected that the whole year will be far ahead of schedule

With the business results achieved in the first 6 months, clearly expectations of completion and exceeding the plan of the bank is completely grounded, even "modest."

For example, Vietcombank, with 7,700 billion dong reached halfway through the year, has a target of 13 trillion dong for the whole year, not to mention the divestment of Eximbank and MB. recording a trillion in profits.

Or as at OCB has reached more than 1,300 billion, based on the bank has shown the past time as well as the current state is very good, reaching and exceeding 700 billion more in the second half is certainly as easy as hand. Mr. Phan Dinh Tung, the bank's general director, also confirmed that he was very confident with the plan of 2,000 billion.

VIB leaders said that with the positive business results of the first half and better prospects in the coming time, this year's profit could be over 2,500 billion dong or 25% higher than the plan was. Stockholders assigned in April this year.

At HDBank, the bank targets profit of VND3,900 billion for this year, but the bank recently said that after the merger with PGBank was completed, profit could reach more than VND4,700 billion.

Or as in VPBank, although in the second quarter there were several incidents related to the customer of the golden egg Fe Credit, but according to the bank leaders this will not affect the results as well as the business plan. business. The target of VND10,800 billion in pretax profit will remain unchanged and the bank will be confident.
As for Nam A Bank, banks do not have to wait until the second half of the year to complete their full-year business results in the first half of the year, with the rest of the year, with seasonal factors in place in banking operations. credit, the bank's shareholders can be optimistic about even higher profit figures, perhaps even a record high.

Regarding general system, survey results of the Department of Forecasting Statistics of the State Bank recently announced that most credit institutions are evaluating business results of good growth in the quarter 2 and expect the results this year to increase higher than the previous year. Specifically, 67.4% of respondents said that the business situation in the second quarter improved better than the previous quarter, of which 18.8% was "improved much". It is expected that in the coming time, 76.1% of credit institutions expect the business situation to improve in the third quarter and 82.6% expect the business situation to improve in the whole year. 2018 compared with 2017, of which one third of credit institutions believe that "much improvement".

Source: Cophieuviet.com

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