External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Vietnam Joint Stock Commercial Bank For Industry and Trade / Equity Bottom-Up

Vietnam Joint Stock Commercial Bank For Industry and Trade (CTG VN)

Vietnam Joint Stock Commercial Bank For Industry and Trade

<ul><li>By end-1Q24, the total assets of VietinBank (CTG) reached VND2,078tr (+2.2% YTD), with credit growth of around 2.7% (higher than the sector’s growth of 1.34%).</li><li>Specifically, the interbank balance saw the biggest increase, at 18.9% YTD, while lending to customers grew 2.8% YTD, driving credit portfolio expansion.</li><li>Meanwhile, the bank's liabilities also rose, up 2.1% YTD, to VND1,947tr. This growth was mainly driven by borrowing from the SBV, which surged by 111.5% YTD, and interbank borrowing, which rose by 7% YTD. These factors helped diversify funding sources, optimize capital costs, and provide greater flexibility in liquidity management. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

By end-1Q24, the total assets of VietinBank (CTG) reached VND2,078tr (+2.2% YTD), with credit growth of around 2.7% (higher than the sector’s growth of 1.34%).Specifically, the interbank balance saw the biggest increase, at 18.9% YTD, while lending to customers grew 2.8% YTD, driving credit portfolio expansion.Meanwhile, the bank's liabilities also rose, up 2.1% YTD, to VND1,947tr. This growth was mainly driven by borrowing from the SBV, which surged by 111.5% YTD, and interbank borrowing, which rose by 7% YTD. These factors helped diversify funding sources, optimize capital costs, and provide greater flexibility in liquidity management. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vietnam JSCB for Industry and Trade (CTG VN/Trading Buy) - A Slight Setback