Vietnam Technological and Commercial Joint Stock Bank (TCB) explained the consolidated financial statements of the 3rd quarter of 2019. Accordingly, the business result in Q3.2019 changed over 10% compared to the same period in 2018, because the bank increased its operating scale, increased interest income, increased income from service and well controlled the credit risk provision expenses. Details are as follows:
- Profit after tax increased by VND 523,121 million, equivalent to 25.4% compared to the same period in 2018;
- Net interest income increased by VND 505,161 million, equivalent to 16.2% compared to the same period in 2018;
- Net income from securities investment increased by VND 485,091 million
- Credit risk provision expenses decreased by VND 376,844 million, equivalent to 51% compared to the same period in 2018.
- Operating expenses increased by VND 477,992 million, equivalent to 36% compared to the same period in 2018.
- Profit after tax of accumulation in months of 2019 increased by VND 898,135 million, equivalent to 14.5% compared to the same period in 2018.
- Credit risk provision expenses decreased by VND 1,181,495 million, equivalent to 66.1% compared to the same period in 2018.