The stock market has reached its three-year peak, but bank stocks continue to play a crucial role in maintaining stability. Banks like STB, TCB, and MBB have seen price increases, drawing attention as the second-quarter financial reporting season approaches. Securities company NHSV forecasts that Sacombank’s after-tax profit (LNST) in Q2 will surpass 3 trillion VND, a 38% increase year-on-year in 2024. Full-year 2025 LNST may reach 12.3 trillion VND. MB expects a 7% year-on-year increase in LNST, bolstered by strong credit growth, although NIM shows signs of a decline. VietinBank’s LNST is projected to rise 14% year-on-year in 2024. VPBank anticipates a Q2 LNST rise of about 16%, driven by high credit growth, but NIM is expected to continue to decrease. All banks are projected to see increased provisions, especially for credit risk amid rising bad debts.
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