- 2022-01-28T00:00:00
- Company Research
HDB released 2021 consolidated results with TOI of VND16.8tn (USD728mn; +21.6% YoY) and bottom-line net profit of VND6.1tn (USD263mn; +42.5% YoY), achieving 100% and 106% of our FY2021 forecasts, respectively. The increase in 2021 consolidated NPAT was mainly due to (1) a 16.8% YoY increase in NII, (2) 88.5% YoY increase in NFI (including FX trading gains), (3) 241.3% YoY increase in gains from investment securities and (4) 3.4% YoY increase in OPEX that significantly lagged TOI growth. |
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