Agribank

Agribank's customer deposits rose 16.3% yoy to VND 763,361 bil in 2015

By Helgi Analytics - March 1, 2020

Agribank's customer deposits reached VND 763,361 bil in 2015, up 16.3% compared to the previous year. Vietnamese banking sector...

Agribank's total revenues rose 18.9% yoy to VND 32,836 bil in 2015

By Helgi Analytics - March 1, 2020

Agribank generated total banking revenues of VND 32,836 bil in 2015, up 18.9% compared to the previous year. Vietnamese ba...

Agribank's customer loans rose 13.8% yoy to VND 618,114 bil in 2015

By Helgi Analytics - March 1, 2020

Agribank's customer loans reached VND 618,114 bil in 2015, up 13.8% compared to the previous year. Vietnamese banking sector pr...

Profit Statement 2013 2014 2015
Net Interest Income VND bil 20,680 21,380 24,928
Fee Income (As % Of Revenues) % 6.72 7.16 6.46
Other Income VND bil 4,238 4,257 5,786
Total Revenues VND bil 26,715 27,614 32,836
Staff Cost VND bil 8,124 8,142 0
Operating Profit VND bil 11,533 12,182 16,343
Provisions VND bil 8,001 8,311 11,648
Net Profit VND bil 1,651 1,724 2,387
Balance Sheet 2013 2014 2015
Interbank Loans VND bil 32,339 42,049 61,473
Customer Loans VND bil 518,780 543,352 618,114
Debt Securities VND bil 79,030 128,827 116,113
Total Assets VND bil 697,141 763,590 874,807
Shareholders' Equity VND bil 37,767 41,181 42,508
Interbank Borrowing VND bil 12,641 98.7 0
Customer Deposits VND bil 570,164 656,282 763,361
Issued Debt Securities VND bil 54,564 45,272 29,768
Ratios 2013 2014 2015
ROE % 4.51 4.37 5.70
ROA % 0.252 0.236 0.291
Costs (As % Of Assets) % 2.31 2.11 2.01
Costs (As % Of Income) % 56.8 55.9 50.2
Net Interest Margin % 3.15 2.93 3.04
Loans (As % Of Deposits) % 91.0 82.8 81.0
NPLs (As % Of Loans) % 5.90 5.72 0
Provisions (As % Of NPLs) % 56.9 47.9 ...
Growth Rates 2013 2014 2015
Total Revenue Growth % -14.7 3.37 18.9
Operating Cost Growth % -42.3 1.65 6.88
Operating Profit Growth % 131 5.63 34.1
Net Profit Growth % -32.0 4.39 38.5
Customer Loan Growth % 7.94 4.74 13.8
Total Asset Growth % 13.4 9.53 14.6
Customer Deposit Growth % 13.6 15.1 16.3
Shareholders' Equity Growth % 6.66 9.04 3.22

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                        
Net Interest Income VND bil           11,557 16,912 24,834 25,392 20,680    
Total Revenues VND bil           18,276 22,782 32,646 31,333 26,715    
Operating Profit VND bil           8,833 10,443 17,171 5,002 11,533    
Net Profit VND bil           1,776 1,221 4,817 2,428 1,651    
balance sheet                        
Interbank Loans VND bil           21,334 37,188 36,864 20,569 32,339    
Customer Loans VND bil           361,740 420,420 433,964 480,616 518,780    
Debt Securities VND bil ... ... ... ...   33,895 34,141 40,244 52,357 79,030    
Total Assets VND bil           480,937 534,987 566,171 614,947 697,141    
Shareholders' Equity VND bil           19,861 28,696 34,984 35,410 37,767    
Interbank Borrowing VND bil           44,592 19,763 28,588 11,344 12,641    
Customer Deposits VND bil           331,894 382,579 399,003 502,012 570,164    
Issued Debt Securities VND bil           58,420 80,113 81,682 56,492 54,564    
ratios                        
ROE % ...         9.43 5.03 15.1 6.90 4.51    
ROA % ...         0.403 0.240 0.875 0.411 0.252    
Costs (As % Of Assets) % ...         2.14 2.43 2.81 4.46 2.31    
Costs (As % Of Income) %           51.7 54.2 47.4 84.0 56.8    
Net Interest Margin % ...         2.62 3.33 4.51 4.30 3.15    
Interest Income (As % Of Revenues) %           63.2 74.2 76.1 81.0 77.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... 3.87 6.43 3.74 5.31 6.72    
Staff Cost (As % Of Total Cost) % ... ...       52.0 54.7 ... 38.4 53.5    
Equity (As % Of Assets) %           4.13 5.36 6.18 5.76 5.42    
Loans (As % Of Deposits) %           109 110 109 95.7 91.0    
Loans (As % Assets) %           75.2 78.6 76.6 78.2 74.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... 5.90    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... 56.9   ...
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                        
Interest Income VND bil           43,314 55,192 76,939 72,510 58,996    
Interest Cost VND bil           31,757 38,281 52,105 47,118 38,316    
Net Interest Income VND bil           11,557 16,912 24,834 25,392 20,680    
Net Fee Income VND bil ... ... ... ... ... 708 1,464 1,222 1,664 1,796    
Other Income VND bil ... ... ... ... ... 6,011 4,407 6,591 4,276 4,238    
Total Revenues VND bil           18,276 22,782 32,646 31,333 26,715    
Staff Cost VND bil ... ...       4,908 6,753 ... 10,114 8,124    
Depreciation VND bil ... ... ... ... ... ... ... ... ... 941   ...
Other Cost VND bil ... ... ... ... ... ... ... ... ... 6,117   ...
Operating Cost VND bil           9,443 12,339 15,476 26,331 15,182    
Operating Profit VND bil           8,833 10,443 17,171 5,002 11,533    
Provisions VND bil           4,892 7,548 10,233 ... 8,001    
Extra and Other Cost VND bil           1,148 678 929 ... 1,075    
Pre-Tax Profit VND bil           2,794 2,218 6,009 4,105 2,457    
Tax VND bil           964 917 1,157 1,625 778    
Minorities VND bil ... ... ...     53.4 79.0 34.3 51.2 27.6    
Net Profit VND bil           1,776 1,221 4,817 2,428 1,651    
growth rates                        
Net Interest Income Growth % ...         -20.1 46.3 46.8 2.25 -18.6    
Net Fee Income Growth % ... ... ... ... ... ... 107 -16.5 36.2 7.97    
Total Revenue Growth % ...         -6.47 24.7 43.3 -4.02 -14.7    
Operating Cost Growth % ...         1.09 30.7 25.4 70.1 -42.3    
Operating Profit Growth % ...         -13.4 18.2 64.4 -70.9 131    
Pre-Tax Profit Growth % ...         0.182 -20.6 171 -31.7 -40.1    
Net Profit Growth % ...         -16.4 -31.2 294 -49.6 -32.0    
market share                        
Market Share in Revenues % ... ... ... ...   19.4 17.8 18.0 17.4 15.1    
Market Share in Net Profit % ... ... ... ...   6.08 3.05 10.2 9.54 5.50    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                        
Cash VND bil           41,458 20,374 26,277 48,677 40,893    
Interbank Loans VND bil           21,334 37,188 36,864 20,569 32,339    
Customer Loans VND bil           361,740 420,420 433,964 480,616 518,780    
Retail Loans VND bil ... ... ... ... ... ... ... ... ... 284,609   ...
Corporate Loans VND bil ... ... ... ... ... ... ... ... ... 218,578   ...
Debt Securities VND bil ... ... ... ...   33,895 34,141 40,244 52,357 79,030    
Fixed Assets VND bil           3,338 3,544 3,641 8,015 4,647    
Intangible Assets VND bil           1,110 36.1 0 620 2,323    
Goodwill VND bil ... ... ... ... ... ... 36.1 0 620 0    
Total Assets VND bil           480,937 534,987 566,171 614,947 697,141    
Shareholders' Equity VND bil           19,861 28,696 34,984 35,410 37,767    
Of Which Minority Interest VND bil ... ...       606 852 651 890 874    
Liabilities VND bil           461,077 506,291 531,187 579,537 659,374    
Interbank Borrowing VND bil           44,592 19,763 28,588 11,344 12,641    
Customer Deposits VND bil           331,894 382,579 399,003 502,012 570,164    
Sight Deposits VND bil ... ... ... ... ... ... ... ... ... 67,078    
Term Deposits VND bil ... ... ... ... ... ... ... ... ... 476,896   ...
Issued Debt Securities VND bil           58,420 80,113 81,682 56,492 54,564    
Other Liabilities VND bil           26,171 23,836 21,914 9,689 22,006    
asset quality                        
Non-Performing Loans VND bil ... ... ... ... ... ... ... ... ... 31,666    
Gross Loans VND bil ... ... ... ... ... ... 431,992 451,507 480,616 536,788    
Total Provisions VND bil ... ... ... ... ... ... 11,572 17,542 ... 18,009    
growth rates                        
Customer Loan Growth % ...         25.2 16.2 3.22 10.8 7.94    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ...   ...
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ...   ...
Total Asset Growth % ...         20.1 11.2 5.83 8.61 13.4    
Shareholders' Equity Growth % ...         11.6 44.5 21.9 1.22 6.66    
Customer Deposit Growth % ...         10.6 15.3 4.29 25.8 13.6    
market share                        
Market Share in Customer Loans %           20.4 20.3 18.4 18.0 17.2    
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... 7.26   ...
Market Share in Total Assets %           17.6 14.0 12.4 12.8 12.7    
Market Share in Customer Deposits %           23.5 18.2 16.8 16.8 15.5    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
ratios                        
ROE % ...         9.43 5.03 15.1 6.90 4.51    
ROA % ...         0.403 0.240 0.875 0.411 0.252    
Costs (As % Of Assets) % ...         2.14 2.43 2.81 4.46 2.31    
Costs (As % Of Income) %           51.7 54.2 47.4 84.0 56.8    
Net Interest Margin % ...         2.62 3.33 4.51 4.30 3.15    
Interest Spread % ...         2.30 2.95 3.93 3.79 2.81    
Asset Yield % ...         9.83 10.9 14.0 12.3 8.99    
Cost Of Liabilities % ...         7.53 7.91 10.0 8.48 6.19    
Interest Income (As % Of Revenues) %           63.2 74.2 76.1 81.0 77.4    
Fee Income (As % Of Revenues) % ... ... ... ... ... 3.87 6.43 3.74 5.31 6.72    
Other Income (As % Of Revenues) % ... ... ... ... ... 32.9 19.3 20.2 13.6 15.9    
Staff Cost (As % Of Total Cost) % ... ...       52.0 54.7 ... 38.4 53.5    
Equity (As % Of Assets) %           4.13 5.36 6.18 5.76 5.42    
Loans (As % Of Deposits) %           109 110 109 95.7 91.0    
Loans (As % Assets) %           75.2 78.6 76.6 78.2 74.4    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... 5.90    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... 56.9   ...
Provisions (As % Of Loans) % ... ... ... ... ... ... 2.75 4.04 ... 3.47    
Cost of Provisions (As % Of Loans) % ...         1.50 1.93 2.40 ... 1.60    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                        
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... 11.8    
Return on Loans % ...         0.546 0.312 1.13 0.531 0.330    
Operating Profit (As % of Loans) % ...         2.72 2.67 4.02 1.09 2.31    
Costs (As % Of Loans) % ...         2.90 3.16 3.62 5.76 3.04    
Equity (As % Of Loans) %           5.49 6.83 8.06 7.37 7.28    

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Agribank's net interest margin rose 3.95% yoy to 3.04% in 2015

By Helgi Analytics - March 1, 2020

Agribank's net interest margin amounted to 3.04% in 2015, up from 2.93% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 4.51% in 2011 and an all time low of 2.62% in 2009. The average margin in the...

Agribank's net profit rose 38.5% yoy to VND 2,387 bil in 2015

By Helgi Analytics - March 1, 2020

Agribank made a net profit of VND 2,387 bil under revenues of VND 32,836 bil in 2015, up 38.5% and 18.9% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 4,817 bil in 2011 and an all time low of VND -298 ...

Agribank's net interest income rose 16.6% yoy to VND 24,928 bil in 2015

By Helgi Analytics - March 1, 2020

Agribank generated total banking revenues of VND 32,836 bil in 2015, up 18.9% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of VND 32,836 bil in 2015 and an al...

Agribank's customer loan growth rose 190% yoy to 13.8% in 2015

By Helgi Analytics - March 1, 2020

Agribank's customer loan growth reached 13.8% in 2015, up from 4.74% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 35.8% in 2007 and an all time low of 3.22% in 2011. In the last decade, the average annua...

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