Asia Commercial Bank

Asia Commercial Bank's net profit rose 16.3% yoy to VND 1,533 bil in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank made a net profit of VND 1,533 bil under revenues of VND 4,138 bil in the second quarter of 2019, up 16.3% and ...

Asia Commercial Bank's net interest margin rose 3.55% yoy to 3.39% in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank's net interest margin amounted to 3.39% in the second quarter of 2019, down from 3.44% when compared to the...

Asia Commercial Bank's market capitalisation (end of period) fell 4.98% to USD 1,563 mil in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank stock traded at RUB 22,231 per share at the end of second quarter of 2019 implying a market capitalization of U...

Profit Statement 2016 2017 2018
Net Interest Income VND bil 6,917 8,494 10,390
Fee Income (As % Of Revenues) % 11.9 10.00 10.1
Other Income VND bil 42.3 2,204 2,881
Total Revenues VND bil 7,903 11,886 14,768
Staff Cost VND bil 2,309 2,669 3,221
Operating Profit VND bil 3,214 5,608 7,918
Provisions VND bil 1,218 2,565 932
Net Profit VND bil 1,325 2,118 5,137
Balance Sheet 2016 2017 2018
Interbank Loans VND bil 8,152 8,942 18,770
Customer Loans VND bil 161,604 196,669 227,983
Debt Securities VND bil 44,385 54,400 54,960
Total Assets VND bil 233,681 284,316 329,333
Shareholders' Equity VND bil 14,063 16,031 21,018
Interbank Borrowing VND bil 2,721 16,138 24,662
Customer Deposits VND bil 207,051 241,393 269,998
Issued Debt Securities VND bil 6,252 6,214 7,581
Ratios 2016 2017 2018
ROE % 9.87 14.1 27.7
ROA % 0.609 0.818 1.67
Costs (As % Of Assets) % 2.16 2.42 2.23
Costs (As % Of Income) % 59.3 52.8 46.4
Capital Adequacy Ratio % 13.2 11.5 12.8
Net Interest Margin % 3.18 3.28 3.39
Loans (As % Of Deposits) % 78.1 81.5 84.4
NPLs (As % Of Loans) % 1.75 0.700 0.727
Provisions (As % Of NPLs) % 62.7 133 152
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 845 1,690 1,568
Share Price (End Of Period) RUB 11,554 23,594 22,462
Price/Earnings (P/E) 14.1 18.1 7.09
Price/Book Value (P/BV) 1.33 2.39 1.73
Earnings Per Share (EPS) VND 817 1,306 3,168
Book Value Per Share VND 8,674 9,888 12,964

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Net Interest Income VND bil ... ... ...     7,016 4,459 4,788 5,905 6,917    
Total Revenues VND bil ... ... ...     6,049 5,876 6,307 6,529 7,903    
Operating Profit VND bil ... ... ...     1,778 2,116 2,443 2,474 3,214    
Net Profit VND bil ... ... ...     784 826 952 1,028 1,325    
balance sheet                        
Interbank Loans VND bil ... ...       21,986 7,216 4,559 10,122 8,152    
Customer Loans VND bil           101,313 105,642 114,745 133,807 161,604    
Debt Securities VND bil ... ...       25,306 34,335 40,783 39,048 44,385    
Total Assets VND bil           176,308 166,599 179,610 201,457 233,681    
Shareholders' Equity VND bil ... ...       12,625 12,504 12,397 12,788 14,063    
Interbank Borrowing VND bil ... ...       13,749 7,794 6,145 7,569 2,721    
Customer Deposits VND bil           125,234 138,111 154,614 174,919 207,051    
Issued Debt Securities VND bil ... ...       20,517 5,446 3,266 3,280 6,252    
ratios                        
ROE % ... ... ...     6.38 6.58 7.64 8.17 9.87    
ROA % ... ... ...     0.343 0.482 0.550 0.540 0.609    
Costs (As % Of Assets) % ... ... ...     1.87 2.19 2.23 2.13 2.16    
Costs (As % Of Income) % ... ... ...     70.6 64.0 61.3 62.1 59.3    
Capital Adequacy Ratio % ... ... ... ...   13.5 14.7 14.1 12.8 13.2    
Net Interest Margin % ... ... ...     3.07 2.60 2.77 3.10 3.18    
Interest Income (As % Of Revenues) % ... ... ...     116 75.9 75.9 90.4 87.5    
Fee Income (As % Of Revenues) % ... ... ...     11.6 13.1 11.0 11.4 11.9    
Staff Cost (As % Of Total Cost) % ... ... ...     44.1 41.7 45.1 49.3 49.2    
Equity (As % Of Assets) % ... ...       7.16 7.51 6.90 6.35 6.02    
Loans (As % Of Deposits) %           80.9 76.5 74.2 76.5 78.1    
Loans (As % Assets) %           57.5 63.4 63.9 66.4 69.2    
NPLs (As % Of Loans) % ... ...       2.50 3.03 2.18 2.28 1.75    
Provisions (As % Of NPLs) % ... ...       58.4 47.7 62.3 49.9 62.7    
valuation                        
Market Capitalisation (End Of Period) USD mil ... ...       779 686 641 807 845    
Number Of Shares (Average) mil ... ...       1,696 1,667 1,621 1,621 1,621    
Share Price (End Of Period) RUB ... ...       9,564 8,679 8,458 10,890 11,554    
Earnings Per Share (EPS) VND ... ... ...     462 496 587 634 817    
Book Value Per Share VND ... ...       7,443 7,501 7,646 7,887 8,674    
Price/Earnings (P/E) ... ... ...     20.7 17.5 14.4 17.2 14.1    
Price/Book Value (P/BV) ... ...       1.29 1.16 1.11 1.38 1.33    
Earnings Per Share Growth % ... ... ... ...   -75.6 7.27 18.4 8.03 28.9    
Book Value Per Share Growth % ... ... ...     5.56 0.787 1.93 3.15 9.97    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                        
Interest Income VND bil ... ... ...     22,414 15,277 13,725 14,103 16,473    
Interest Cost VND bil ... ... ...     15,398 10,819 8,937 8,198 9,556    
Net Interest Income VND bil ... ... ...     7,016 4,459 4,788 5,905 6,917    
Net Fee Income VND bil ... ... ...     703 770 694 745 944    
Other Income VND bil ... ... ...     -1,670 647 824 -121 42.3    
Total Revenues VND bil ... ... ...     6,049 5,876 6,307 6,529 7,903    
Staff Cost VND bil ... ... ...     1,885 1,568 1,741 1,999 2,309    
Depreciation VND bil ... ... ...     263 211 212 240 250    
Other Cost VND bil ... ... ...     2,123 1,980 1,910 1,816 2,130    
Operating Cost VND bil ... ... ...     4,271 3,759 3,864 4,055 4,689    
Operating Profit VND bil ... ... ...     1,778 2,116 2,443 2,474 3,214    
Provisions VND bil ... ... ...     521 855 977 884 1,218    
Extra and Other Cost VND bil ... ... ...     214 226 250 276 330    
Pre-Tax Profit VND bil           1,043 1,036 1,215 1,314 1,667    
Tax VND bil ... ... ...     259 209 264 286 342    
Minorities VND bil ... ... ...     0 0 0 0 0    
Net Profit VND bil ... ... ...     784 826 952 1,028 1,325    
growth rates                        
Net Interest Income Growth % ... ... ... ...   6.18 -36.5 7.39 23.3 17.1    
Net Fee Income Growth % ... ... ... ...   -14.9 9.66 -9.86 7.31 26.7    
Total Revenue Growth % ... ... ... ...   -20.9 -2.86 7.33 3.53 21.0    
Operating Cost Growth % ... ... ... ...   35.7 -12.0 2.77 4.95 15.6    
Operating Profit Growth % ... ... ... ...   -60.5 19.0 15.4 1.29 29.9    
Pre-Tax Profit Growth % ...         -75.2 -0.682 17.4 8.12 26.9    
Net Profit Growth % ... ... ... ...   -75.6 5.41 15.2 8.03 28.9    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                        
Cash VND bil ... ...       12,651 5,109 5,854 7,415 8,661    
Interbank Loans VND bil ... ...       21,986 7,216 4,559 10,122 8,152    
Customer Loans VND bil           101,313 105,642 114,745 133,807 161,604    
Retail Loans VND bil ... ...       43,693 45,312 1,211 66,545 86,428    
Consumer Loans VND bil ... ...       43,693 45,312 1,211 66,545 86,428    
Corporate Loans VND bil ... ...       59,122 61,878 115,113 68,803 76,973    
Debt Securities VND bil ... ...       25,306 34,335 40,783 39,048 44,385    
Fixed Assets VND bil ... ...       1,473 2,553 2,805 2,240 2,556    
Total Assets VND bil           176,308 166,599 179,610 201,457 233,681    
Shareholders' Equity VND bil ... ...       12,625 12,504 12,397 12,788 14,063    
Of Which Minority Interest VND bil ... ...       0 0 0 0 0    
Liabilities VND bil ... ...       163,683 154,095 167,212 188,669 219,618    
Interbank Borrowing VND bil ... ...       13,749 7,794 6,145 7,569 2,721    
Customer Deposits VND bil           125,234 138,111 154,614 174,919 207,051    
Retail Deposits VND bil ... ... ... ...   110,452 115,094 127,620 143,492 169,742    
Corporate Deposits VND bil ... ... ... ...   14,781 23,017 26,993 31,427 37,309    
Sight Deposits VND bil ... ...       12,869 17,799 20,539 26,599 31,893    
Term Deposits VND bil ... ...       112,364 120,312 134,074 148,320 175,158    
Issued Debt Securities VND bil ... ...       20,517 5,446 3,266 3,280 6,252    
Other Liabilities VND bil ... ...       4,184 2,744 3,187 2,901 3,594    
asset quality                        
Non-Performing Loans VND bil ... ...       2,571 3,243 2,533 3,087 2,866    
Gross Loans VND bil ... ...       102,815 107,190 116,324 135,348 163,401    
Total Provisions VND bil ... ...       1,502 1,548 1,579 1,541 1,797    
growth rates                        
Customer Loan Growth % ...         -0.501 4.27 8.62 16.6 20.8    
Retail Loan Growth % ... ... ...     23.7 3.71 -97.3 5,393 29.9    
Consumer Loan Growth % ... ... ...     23.7 3.71 -97.3 5,393 29.9    
Corporate Loan Growth % ... ... ...     -12.4 4.66 86.0 -40.2 11.9    
Total Asset Growth % ...         -37.3 -5.51 7.81 12.2 16.0    
Shareholders' Equity Growth % ... ... ...     5.56 -0.953 -0.855 3.15 9.97    
Customer Deposit Growth % ...         -11.9 10.3 11.9 13.1 18.4    
Retail Deposit Growth % ... ... ... ... ... 7.76 4.20 10.9 12.4 18.3    
Corporate Deposit Growth % ... ... ... ... ... -62.8 55.7 17.3 16.4 18.7    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                        
ROE % ... ... ...     6.38 6.58 7.64 8.17 9.87    
ROA % ... ... ...     0.343 0.482 0.550 0.540 0.609    
Costs (As % Of Assets) % ... ... ...     1.87 2.19 2.23 2.13 2.16    
Costs (As % Of Income) % ... ... ...     70.6 64.0 61.3 62.1 59.3    
Capital Adequacy Ratio % ... ... ... ...   13.5 14.7 14.1 12.8 13.2    
Tier 1 Ratio % ... ... ... ... ... ... 10.2 9.80 9.27 8.26    
Net Interest Margin % ... ... ...     3.07 2.60 2.77 3.10 3.18    
Interest Spread % ... ... ...     2.69 2.10 2.37 2.79 2.89    
Asset Yield % ... ... ...     9.80 8.91 7.93 7.40 7.57    
Cost Of Liabilities % ... ... ...     7.12 6.81 5.56 4.61 4.68    
Interest Income (As % Of Revenues) % ... ... ...     116 75.9 75.9 90.4 87.5    
Fee Income (As % Of Revenues) % ... ... ...     11.6 13.1 11.0 11.4 11.9    
Other Income (As % Of Revenues) % ... ... ...     -27.6 11.0 13.1 -1.86 0.535    
Cost Per Employee USD per month ... ... ...     733 681 735 775 890    
Cost Per Employee (Local Currency) RUB per month ... ... ...     15,289,400 14,308,700 15,609,100 16,764,300 19,591,900    
Staff Cost (As % Of Total Cost) % ... ... ...     44.1 41.7 45.1 49.3 49.2    
Equity (As % Of Assets) % ... ...       7.16 7.51 6.90 6.35 6.02    
Loans (As % Of Deposits) %           80.9 76.5 74.2 76.5 78.1    
Loans (As % Assets) %           57.5 63.4 63.9 66.4 69.2    
NPLs (As % Of Loans) % ... ...       2.50 3.03 2.18 2.28 1.75    
Provisions (As % Of NPLs) % ... ...       58.4 47.7 62.3 49.9 62.7    
Provisions (As % Of Loans) % ... ...       1.48 1.47 1.38 1.15 1.11    
Cost of Provisions (As % Of Loans) % ... ... ...     0.513 0.826 0.887 0.712 0.824    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                        
Branches ... ... ... ... ... 342 346 346 350 350    
Employees ... ...       10,275 9,131 9,296 9,935 9,822    
Sight (As % Of Customer Deposits) % ... ...       10.3 12.9 13.3 15.2 15.4    

Get all company financials in excel:

Download Sample   $19.99

Asia Commercial Bank's npls (as % of loans) fell 15.6% yoy to 0.661% in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank's non-performing loans reached 0.661% of total loans at the end of 2019-06-30, down from 0.783% compared to the previous year. Historically, the NPL ratio hit an all time high of 3.65% in 2014-06-30 and an all time low of 0.336% in 2010-12-31...

Asia Commercial Bank's share price (end of period) fell 6.64% yoy to RUB 22,231 in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank stock traded at RUB 22,231 per share at the end of second quarter of 2019 implying a market capitalization of USD 1,563 mil. Over the last five years, the stock has appreciated by 163 % implying an annual average growth of 21.3 %. In absolute term...

Asia Commercial Bank's net interest income rose 16.6% yoy to VND 2,911 bil in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank generated total banking revenues of VND 4,138 bil in the second quarter of 2019, up 23.1% when compared to the same period of last year and 13% when compared to the previous quarter. Historically, the bank’s revenues containing of interes...

Asia Commercial Bank's price/earnings (P/E) fell 39.7% yoy to 6.47 in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank stock traded at RUB 22,231 per share at the end second quarter of 2019 implying a market capitalization of USD 1,563 mil. Since the end of 2Q2014, the stock has appreciated by 163 % implying an annual average growth of 21.3 %. In absolute terms, t...

Asia Commercial Bank's customer loan growth fell 42.9% yoy to 13.0% in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank's customer loan growth reached 13.0% in 2019-06-30, down from 22.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 56.9% in 2011-03-31 and an all time low of -11.5% in 2010-09-30. In t...

Asia Commercial Bank's equity (as % of assets) rose 14.9% yoy to 6.79% in 2Q2019

By Helgi Analytics - November 05, 2019

Asia Commercial Bank's Equity reached 22.8% of total assets in the 2Q2019, up from 19.5% for the previous year. As a share of net customer loans, the ratio amounted to 29.6% at the end of the second quarter of 2019. ...

Asia Commercial Bank's net profit rose 143% to VND 5,137 bil in 2018

By Helgi Analytics - November 05, 2019

Asia Commercial Bank made a net profit of VND 5,137 bil under revenues of VND 14,768 bil in 2018, up 143% and 24.2% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of VND 5,137 bil in 2018 and an all time low of ...

Asia Commercial Bank's price/earnings (P/E) fell 60.7% to 7.09 in 2018

By Helgi Analytics - November 05, 2019

Asia Commercial Bank stock traded at RUB 22,462 per share at the end 2018 implying a market capitalization of USD 1,568 mil. Since the end of 2013, the stock has appreciated by 159 % implying an annual average growth of 20.9 %. In absolute terms, the value of the comp...

Asia Commercial Bank's net interest margin rose 3.25% to 3.39% in 2018

By Helgi Analytics - November 05, 2019

Asia Commercial Bank's net interest margin amounted to 3.39% in 2018, up from 3.28% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.39% in 2018 and an all time low of 2.23% in 2010. The average m...

Asia Commercial Bank's employees rose 6.52% to 11,008 in 2018

By Helgi Analytics - November 05, 2019

Asia Commercial Bank employed 11,008 persons in 2018, up 6.52% when compared to the previous year. Historically, the bank's workforce hit an all time high of 11,008 persons in 2018 and an all time low of 9,131 in 2013. Average cost reached USD 1,077 per month per...

More News

Asia Commercial Bank Logo

Finance

Asia Commercial Bank has been growing its revenues and asset by 20.2% and 14.6% a year on average in the last 5 years. Its loans and deposits have grown by 16.6% and 14.3% a year during that time and loans to deposits ratio reached 84.4% at the end of 2018. The company achieved an average return on equity of 13.5% in the last five years with net profit growing 44.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 46.4% in 2018, compared to 56.4% average in the last five years.

Equity represented 6.38% of total assets or 9.22% of loans at the end of 2018. Asia Commercial Bank's non-performing loans were 0.727% of total loans while provisions covered some 152% of NPLs at the end of 2018.

Valuation

Asia Commercial Bank stock traded at RUB 22,462 per share at the end of 2018 resulting in a market capitalization of USD 1,568 mil. Over the previous five years, stock price rose by 159% or 20.9% a year on average. That’s compared to an average ROE of 13.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 7.09x and price to book value (PBV) of 1.73x in 2018.

More Companies in Vietnamese Banking Sector