Earnings Report /
Vietnam

VPBank: Catalysts for NIM improvement in coming quarters

  • Resilient performance from the parent bank in Q3 21 while FE Credit struggled with a loss

  • Several new factors could help the parent bank improve its NIM margin including profit from part divestment at FE Credit

  • We raise TP to VND42,800/share and recommend Buy

Tam Pham
Tam Pham

Fishery, Insurance

Rong Viet
15 December 2021
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