Securities Company Forecasts Profits of Major Banks

In the context of a rising stock market, the banking sector has continued to attract investor attention. Recently, NHSV Securities has forecast the profits of several major banks for Q2 2024. Specifically, Sacombank could achieve a post-tax profit of over 3,000 billion VND, up 38% year-on-year. For MB, a profit increase of 7% is expected due to strong credit growth. VietinBank may see a 14% improvement, while VPBank is forecasted to grow by 16% compared to the previous year, with projected minor increases in operating costs. Furthermore, all mentioned banks face challenges with bad debts and other cost factors, particularly in a highly competitive interest rate environment. Overall, the banks are expected to overcome difficulties and maintain stable growth.