Some basic information about STB:
🟩STB is also a bank with good growth, notable in 2023-2024.
- Thanks to no longer having to accrue interest on receivables and reduce provisioning for VAMC bonds, STB's pre-tax profit increased by 63.5% over the same period.
- The asset quality of STB is well controlled despite the worsening trend of the whole industry.
- Forecasting profit after tax in 2023 to reach 10,612 billion dong, an increase of 67.4% y/y (according to STB's plan, profit: 9,500 billion dong, equivalent to +50% compared to the same year 2022). Profit in 2024 is expected to increase sharply to 20,006 billion dong (+88.5% y/y), equivalent to banks of the same size after no longer having pressure to make provisions for stagnant assets.
🟩STB shows signs of breaking out
🟩STB is also a bank with good growth, notable in 2023-2024.
- Thanks to no longer having to accrue interest on receivables and reduce provisioning for VAMC bonds, STB's pre-tax profit increased by 63.5% over the same period.
- The asset quality of STB is well controlled despite the worsening trend of the whole industry.
- Forecasting profit after tax in 2023 to reach 10,612 billion dong, an increase of 67.4% y/y (according to STB's plan, profit: 9,500 billion dong, equivalent to +50% compared to the same year 2022). Profit in 2024 is expected to increase sharply to 20,006 billion dong (+88.5% y/y), equivalent to banks of the same size after no longer having pressure to make provisions for stagnant assets.
🟩STB shows signs of breaking out
