Analyst Pin-board: TCB – Update on 2019 Business Performance
Without any one-off income, TCB still achieved a desirable earnings growth of 20% YoY in 2019 (core growth should be 31% YoY). The bank was able to maintain solid credit growth with an active approach in combining customer lending and corporate bonds to fit available credit room, along with a NIM expansion thanks to funding cost saving. Besides, high operating efficiency and easing provision have supported earnings retention. We estimate that an earnings growth of at least 20% YoY should be achievable in 2020.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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