TPB released strong results for 9M 2020 with NPAT-MI of VND2.4tn/USD104mn (+25.8% YoY), completing 72.7% of our 2020 full-year forecast. This robust result was primarily driven by remarkable 25.9% YoY growth in net interest income (NII), contributing 73.3% to TOI and outweighing a 23.3% YoY increase in provision expenses. Both credit and deposits soared in 9M 2020. TPB achieved 22.3% YTD (+27.1% YoY) credit growth in 9M 2020, of which customer loans grew 15.4% YTD