VIB - Low funding cost continues to bolster NII growth in Q1 - Earnings Flash
  • 2021-05-04T19:49:13
  • Company Research
VIB released results for Q1 2021 with net profit totalling VND1.4tn (USD62mn; +68% YoY), which achieved 25% of our FY2021 forecast. Q1 2021 NII and non-interest income (NOII) were up 54% and 57% YoY, achieving 25% and 21% our FY2021 forecasts, respectively. We do not foresee material changes to our earnings forecasts, pending a more extensive review.