Analyst Pin-board TCB - In hope of robust growth in the next quarter
We expect TCB to maintain good results in Q4 and look forward to solid earnings growth in 2021. In 9M the bank had moderate credit growth, compared to the “room” given by SBV. However, growth in income was still robust. TCB also took prudent action to write off bad debts and record extensive provision expenses. This will relieve some pressure on NPL and LLR, in precaution for probable bad debt formation in the Q4. We think TCB will be resilient to this crisis and be able to recover strongly upon the end of the pandemic.
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