Vietnam Prosperity Bank

Vietnam Prosperity Bank's net profit rose 11.5% to VND 6,587 bil in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank made a net profit of VND 6,587 bil under revenues of VND 30,223 bil in 2018, up 11.5% and 24.0% respectively ...

Vietnam Prosperity Bank's employees rose 15.1% to 27,429 in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank employed 27,429 persons in 2018, up 15.1% when compared to the previous year. Historically, the bank's w...

Vietnam Prosperity Bank's npls (as % of loans) rose 3.46% to 3.41% in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank's non-performing loans reached 3.41% of total loans at the end of 2018, up from 3.30% compared to the pre...

Profit Statement 2016 2017 2018
Net Interest Income VND bil 14,892 19,269 22,803
Fee Income (As % Of Revenues) % 5.17 10.1 9.96
Other Income VND bil 751 2,635 4,412
Total Revenues VND bil 16,497 24,369 30,223
Staff Cost VND bil 3,320 4,899 5,672
Operating Profit VND bil 10,088 15,758 19,935
Provisions VND bil 6,644 8,206 11,654
Net Profit VND bil 2,690 5,907 6,587
Balance Sheet 2016 2017 2018
Interbank Loans VND bil 9,389 17,548 16,587
Customer Loans VND bil 144,666 180,435 219,178
Debt Securities VND bil ... 56,204 56,427
Total Assets VND bil 227,359 277,364 321,600
Shareholders' Equity VND bil 14,548 27,228 33,387
Interbank Borrowing VND bil 25,105 38,101 57,976
Customer Deposits VND bil 164,354 187,870 207,770
Issued Debt Securities VND bil 16,003 15,586 15,912
Ratios 2016 2017 2018
ROE % 21.2 28.3 21.7
ROA % 1.28 2.34 2.20
Costs (As % Of Assets) % 3.05 3.41 3.44
Costs (As % Of Income) % 38.9 35.3 34.0
Capital Adequacy Ratio % 13.2 14.6 12.3
Net Interest Margin % 7.08 7.64 7.61
Loans (As % Of Deposits) % 88.0 96.0 105
NPLs (As % Of Loans) % 2.80 3.30 3.41
Provisions (As % Of NPLs) % 139 122 109
Growth Rates 2016 2017 2018
Total Revenue Growth % 32.7 47.7 24.0
Operating Cost Growth % 12.9 34.4 19.5
Operating Profit Growth % 49.4 56.2 26.5
Net Profit Growth % 28.5 120 11.5
Customer Loan Growth % 20.9 24.7 21.5
Total Asset Growth % 17.6 22.0 15.9
Customer Deposit Growth % 11.9 14.3 10.6
Shareholders' Equity Growth % 33.8 87.2 22.6
Employees 17,387 23,826 27,429

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Net Interest Income VND bil ... ... ...       2,967 4,152 5,291 10,488 14,892    
Total Revenues VND bil ... ... ...       3,133 5,085 6,271 12,430 16,497    
Operating Profit VND bil ... ... ...       1,253 2,381 2,588 6,752 10,088    
Net Profit VND bil ... ... ...       643 1,018 1,254 2,093 2,690    
balance sheet                          
Interbank Loans VND bil ... ... ...       26,761 12,055 13,925 14,600 9,389    
Customer Loans VND bil             36,523 51,869 77,256 119,679 144,666    
Debt Securities VND bil ... ... ... ... ... ... ... ... ... ... ...    
Total Assets VND bil             102,673 121,264 163,241 193,262 227,359    
Shareholders' Equity VND bil ... ... ...       6,709 7,727 8,980 10,877 14,548    
Interbank Borrowing VND bil ... ... ...       25,656 13,134 26,228 17,764 25,105    
Customer Deposits VND bil             59,514 83,844 108,354 146,817 164,354    
Issued Debt Securities VND bil ... ... ...       6,202 9,550 13,367 27,064 16,003    
ratios                          
ROE % ... ... ...       10.1 14.1 15.0 21.1 21.2    
ROA % ... ... ...       0.694 0.909 0.881 1.17 1.28    
Costs (As % Of Assets) % ... ... ...       2.03 2.42 2.59 3.19 3.05    
Costs (As % Of Income) % ... ... ...       60.0 53.2 58.7 45.7 38.9    
Capital Adequacy Ratio % ... ... ... ...     12.5 12.5 11.4 12.4 13.2    
Net Interest Margin % ... ... ...       3.20 3.71 3.72 5.88 7.08    
Interest Income (As % Of Revenues) % ... ... ...       94.7 81.6 84.4 84.4 90.3    
Fee Income (As % Of Revenues) % ... ... ...       8.64 10.5 9.68 6.85 5.17    
Staff Cost (As % Of Total Cost) % ... ... ...       42.4 42.6 52.3 56.0 51.8    
Equity (As % Of Assets) % ... ... ...       6.53 6.37 5.50 5.63 6.40    
Loans (As % Of Deposits) %             61.4 61.9 71.3 81.5 88.0    
Loans (As % Assets) %             35.6 42.8 47.3 61.9 63.6    
NPLs (As % Of Loans) % ... ... ... ... ...   2.72 2.81 2.54 2.54 2.80    
Provisions (As % Of NPLs) % ... ... ... ... ...   37.9 41.0 56.5 129 139    
valuation                          
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ... ... ...    
Earnings Per Share (EPS) VND ... ... ... ... ... ... ... ... ... ... ...    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ...  
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                          
Interest Income VND bil ... ... ...       10,341 11,194 12,404 19,006 25,659    
Interest Cost VND bil ... ... ...       7,374 7,043 7,113 8,518 10,767    
Net Interest Income VND bil ... ... ...       2,967 4,152 5,291 10,488 14,892    
Net Fee Income VND bil ... ... ...       271 535 607 851 853    
Other Income VND bil ... ... ...       -105 399 373 1,091 751    
Total Revenues VND bil ... ... ...       3,133 5,085 6,271 12,430 16,497    
Staff Cost VND bil ... ... ...       798 1,153 1,925 3,183 3,320    
Depreciation VND bil ... ... ...       80.6 82.7 108 145 177    
Other Cost VND bil ... ... ...       1,003 1,469 1,650 2,351 2,912    
Operating Cost VND bil ... ... ...       1,881 2,704 3,683 5,678 6,409    
Operating Profit VND bil ... ... ...       1,253 2,381 2,588 6,752 10,088    
Provisions VND bil ... ... ...       400 1,026 979 3,973 6,644    
Extra and Other Cost VND bil ... ... ...       0 0 0.100 0 0    
Pre-Tax Profit VND bil             853 1,355 1,609 2,778 3,443    
Tax VND bil ... ... ...       209 337 355 701 994    
Minorities VND bil ... ... ... ...     0 0 0 ... 0    
Net Profit VND bil ... ... ...       643 1,018 1,254 2,093 2,690    
growth rates                          
Net Interest Income Growth % ... ... ... ...     45.1 39.9 27.4 98.2 42.0    
Net Fee Income Growth % ... ... ... ...     -33.5 97.5 13.5 40.2 0.204    
Total Revenue Growth % ... ... ... ...     24.6 62.3 23.3 98.2 32.7    
Operating Cost Growth % ... ... ... ...     44.4 43.8 36.2 54.2 12.9    
Operating Profit Growth % ... ... ... ...     3.27 90.1 8.71 161 49.4    
Pre-Tax Profit Growth % ...           -19.9 58.9 18.7 72.7 23.9    
Net Profit Growth % ... ... ... ...     -19.5 58.2 23.2 67.0 28.5    
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                          
Cash VND bil ... ... ...       2,172 3,073 5,059 3,894 4,710    
Interbank Loans VND bil ... ... ...       26,761 12,055 13,925 14,600 9,389    
Customer Loans VND bil             36,523 51,869 77,256 119,679 144,666    
Retail Loans VND bil ... ... ... ...     17,741 22,950 36,639 64,271 92,493    
Corporate Loans VND bil ... ... ... ...     19,162 29,524 41,740 59,477 58,008    
Debt Securities VND bil ... ... ... ... ... ... ... ... ... ... ...    
Fixed Assets VND bil ... ... ... ... ... ... ... ... ... ... ...    
Total Assets VND bil             102,673 121,264 163,241 193,262 227,359    
Shareholders' Equity VND bil ... ... ...       6,709 7,727 8,980 10,877 14,548    
Of Which Minority Interest VND bil ... ... ...       0 0 0 0 0    
Liabilities VND bil ... ... ...       95,964 113,538 154,261 182,386 212,811    
Interbank Borrowing VND bil ... ... ...       25,656 13,134 26,228 17,764 25,105    
Customer Deposits VND bil             59,514 83,844 108,354 146,817 164,354    
Retail Deposits VND bil ... ... ... ...     37,826 54,446 63,372 76,817 89,354    
Corporate Deposits VND bil ... ... ... ...     21,688 29,398 44,982 70,000 75,000    
Sight Deposits VND bil ... ... ... ... ...   5,587 5,662 7,870 12,569 15,238    
Term Deposits VND bil ... ... ... ... ...   53,927 78,181 100,484 134,248 149,115    
Issued Debt Securities VND bil ... ... ...       6,202 9,550 13,367 27,064 16,003    
Other Liabilities VND bil ... ... ...       4,592 7,010 6,312 -9,260 7,349    
asset quality                          
Non-Performing Loans VND bil ... ... ... ... ...   1,003 1,474 1,989 3,145 4,207    
Gross Loans VND bil ... ... ... ... ...   36,903 52,474 78,379 123,748 150,501    
Total Provisions VND bil ... ... ... ... ...   380 605 1,123 4,069 5,836    
growth rates                          
Customer Loan Growth % ...           26.5 42.0 48.9 54.9 20.9    
Retail Loan Growth % ... ... ... ... ...   4.69 29.4 59.6 75.4 43.9    
Corporate Loan Growth % ... ... ... ... ...   56.6 54.1 41.4 42.5 -2.47    
Total Asset Growth % ...           24.0 18.1 34.6 18.4 17.6    
Shareholders' Equity Growth % ... ... ... ...     11.9 15.2 16.2 21.1 33.8    
Customer Deposit Growth % ...           102 40.9 29.2 35.5 11.9    
Retail Deposit Growth % ... ... ... ... ...   98.6 43.9 16.4 21.2 16.3    
Corporate Deposit Growth % ... ... ... ... ...   109 35.5 53.0 55.6 7.14    
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                          
ROE % ... ... ...       10.1 14.1 15.0 21.1 21.2    
ROA % ... ... ...       0.694 0.909 0.881 1.17 1.28    
Costs (As % Of Assets) % ... ... ...       2.03 2.42 2.59 3.19 3.05    
Costs (As % Of Income) % ... ... ...       60.0 53.2 58.7 45.7 38.9    
Capital Adequacy Ratio % ... ... ... ...     12.5 12.5 11.4 12.4 13.2    
Tier 1 Ratio % ... ... ... ... ... ... ... 12.5 11.4 9.12 8.77    
Net Interest Margin % ... ... ...       3.20 3.71 3.72 5.88 7.08    
Interest Spread % ... ... ... ...     2.61 3.27 3.41 5.60 6.75    
Asset Yield % ... ... ...       11.1 10.00 8.72 10.7 12.2    
Cost Of Liabilities % ... ... ... ...     8.54 6.72 5.31 5.06 5.45    
Interest Income (As % Of Revenues) % ... ... ...       94.7 81.6 84.4 84.4 90.3    
Fee Income (As % Of Revenues) % ... ... ...       8.64 10.5 9.68 6.85 5.17    
Other Income (As % Of Revenues) % ... ... ...       -3.34 7.84 5.95 8.78 4.55    
Cost Per Employee USD per month ... ... ... ... ...   736 673 795 948 722    
Cost Per Employee (Local Currency) VND per month ... ... ... ... ...   15,363,600 14,140,200 16,884,500 20,516,800 15,911,800    
Staff Cost (As % Of Total Cost) % ... ... ...       42.4 42.6 52.3 56.0 51.8    
Equity (As % Of Assets) % ... ... ...       6.53 6.37 5.50 5.63 6.40    
Loans (As % Of Deposits) %             61.4 61.9 71.3 81.5 88.0    
Loans (As % Assets) %             35.6 42.8 47.3 61.9 63.6    
NPLs (As % Of Loans) % ... ... ... ... ...   2.72 2.81 2.54 2.54 2.80    
Provisions (As % Of NPLs) % ... ... ... ... ...   37.9 41.0 56.5 129 139    
Provisions (As % Of Loans) % ... ... ... ... ...   1.04 1.17 1.45 3.40 4.03    
Cost of Provisions (As % Of Loans) % ... ... ...       1.22 2.32 1.52 4.04 5.03    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                          
Branches ... ... ... ... ... ... 204 207 209 208 215    
Employees ... ... ... ... ...   4,326 6,795 9,501 12,927 17,387    
ATMs ... ... ... ... ... ... 291 ... ... ... ... ... ...
Clients mil ... ... ...       0.251 0.399 1.31 2.09 3.29    
Sight (As % Of Customer Deposits) % ... ... ... ... ...   9.39 6.75 7.26 8.56 9.27    

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Vietnam Prosperity Bank's net interest margin fell 0.278% to 7.61% in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank's net interest margin amounted to 7.61% in 2018, down from 7.64% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 7.64% in 2017 and an all time low of 2.47% in 2010. The aver...

Vietnam Prosperity Bank's costs (as % of assets) rose 0.685% to 3.44% in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank's cost to income ratio reached 34.0% in 2018, down from 35.3% compared to the previous year. Historically, the bank’s costs reached an all time high of 60.0% of income in 2012 and an all time low of 34.0% in 2018. When compared to t...

Vietnam Prosperity Bank's net interest income rose 18.3% to VND 22,803 bil in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank generated total banking revenues of VND 30,223 bil in 2018, up 24% 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 30,223 bil in 2...

Vietnam Prosperity Bank's capital adequacy ratio fell 15.9% to 12.3% in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank's capital adequacy ratio reached 12.3% at the end of 2018, down from 14.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 14.6% in 2017 and an all time low of 11.4% in 2014. The Tier 1 rat...

Vietnam Prosperity Bank's customer loan growth fell 13.2% to 21.5% in 2018

By Helgi Analytics - November 05, 2019

Vietnam Prosperity Bank's customer loan growth reached 21.5% in 2018, down from 24.7% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 166% in 2007 and an all time low of -2.53% in 2008. In the last decade, ...

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Finance

Vietnam Prosperity Bank has been growing its revenues and asset by 42.8% and 21.5% a year on average in the last 5 years. Its loans and deposits have grown by 33.4% and 19.9% a year during that time and loans to deposits ratio reached 105% at the end of 2018. The company achieved an average return on equity of 21.5% in the last five years with net profit growing 45.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 34.0% in 2018, compared to 42.5% average in the last five years.

Equity represented 10.4% of total assets or 15.2% of loans at the end of 2018. Vietnam Prosperity Bank's non-performing loans were 3.41% of total loans while provisions covered some 109% of NPLs at the end of 2018.

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