ANTD.VN - Some banks have revealed their business results for the whole year with relatively positive figures. However, there are still banks facing difficulties, and bank profits in 2024 are expected to be differentiated.
Bright colors gradually appear
Although 2024 has not ended, many banks have revealed their business results with very positive numbers. For example, at TPBank, as of November 30, TPBank achieved more than 7,100 billion VND in profit, an increase of nearly 28% compared to the end of last year. The bank's profit for the whole year is expected to increase by 34% compared to last year.
Sacombank has recently announced its preliminary business results for the fourth quarter and the whole year of 2024. Accordingly, Sacombank's pre-tax profit in the fourth quarter of 2024 is estimated to reach more than VND 4,600 billion, an increase of 68% over the same period and the whole year of 2024 is estimated to reach over VND 12,700 billion, the highest profit ever of this bank and an increase of about 33% over the same period last year.
Or at HDBank, the bank expects to make a profit of over VND16,000 billion, exceeding the target set by the General Meeting of Shareholders. Previously, this bank recorded a pre-tax profit of VND12,655 billion in the first 3 quarters of the year, up 47% over the same period last year.
 |
Many banks have positive profit growth in the fourth quarter and this year. |
Although the Big 4 group has not officially announced its business results, the leaders of the 4 banks have all given relatively bright figures with good growth in business indicators. Mr. Pham Toan Vuong, General Director of Agribank, said that the Bank's pre-tax profit is expected to increase by 8% in 2024, total assets increase by 7.9%, and outstanding loans increase by 11% compared to 2023.
Similarly, BIDV leaders said that by the end of 2024, BIDV is expected to have total assets exceeding VND2.6 million billion; outstanding credit balance will reach nearly VND2 million billion, a growth of about 14%. Vietcombank also expects credit growth of 13% in 2024.
VietinBank is the bank with the best credit growth rate among the Big 4. According to Mr. Tran Minh Binh, Chairman of the Board of Directors of VietinBank, by the end of November 2024, the total assets of the Bank are estimated to reach more than 2.3 million billion VND, an increase of 14.7% compared to 2023; credit as of December 10 increased by 14.8%. This year, VietinBank sets a profit target of 8.7%; in the first 9 months, the Bank has increased its profit by 12%.
There is differentiation among banks.
Commenting on bank profits, many experts and organizations have given positive comments for 2024. MBS Research estimates that the after-tax profit in the fourth quarter of 2024 of the monitored banks will grow by 14.5% over the same period last year.
In particular, this securities company expects OCB, TPBank and VPBank to be the banks with the most impressive profit growth thanks to the low comparison of last year when affected by high provisioning. In particular, OCB forecasts that profit will increase 3 times in the last quarter of this year compared to the same period last year.
VietinBank and Techcombank are two large-scale banks expected to have better growth than banks of the same size.
For the whole year, MBS Research forecasts that some banks will have high profit growth such as VPBank increasing by 77%, LPBank increasing by 57%, HDBank increasing by 31%, Techcombank increasing by 29%, TPBank increasing by 28%, Eximbank increasing by 16%...
According to Vietcombank Securities (VCBS), the industry's overall profit is forecast to increase by more than 16%, but there will be clear differentiation.
In which, the Big 4 group has stable profit growth at 8-15%. For example, Vietcombank is expected to achieve a growth rate of 10%; BIDV increases by 13.8%, VietinBank increases by 12.4%...
The group of private commercial banks is expected to differentiate with the group of banks with high profit growth such as: LPBank, Techcombank, VPBank, HDBank, Sacombank...; while many banks are still facing many difficulties such as PGBank, Saigonbank, ABBank, NCB...
Entering 2025, according to some forecasts, banking industry profits will remain stable, without many breakthroughs. The reason, according to economic expert, Dr. Le Xuan Nghia, is that in 2025, the economy's capital absorption capacity is forecast to remain slow as the stock and real estate markets are forecast to continue to face difficulties.
“In 2025, I think the interest rate level will not change much compared to now because credit demand cannot accelerate again. Investment channels will still be difficult, unable to put pressure on deposits and bank interest rates, thanks to which the banking industry will operate stably,” said Mr. Nghia.
According to the forecast of analysts at ACB Securities Company (ACBS), in 2025, the banking industry's profit growth rate could reach about 14.9%, equivalent to this year.
Source: https://www.anninhthudo.vn/loi-nhuan-ngan-hang-he-lo-nhieu-gam-mau-sang-post599348.antd
Comment (0)