Vietnam Technological and Commercial Joint Stock Bank (TCB) explained the consolidated financial statements of the 2nd quarter of 2019. Accordingly, the business result in Q2.2019 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 as follows:
- Profit after tax increased VND332,040 million, equivalent to 16% compared to the same period in 2018;
- Net interest income increased VND620,079 million, equivalent to 25% compared to the same period in 2018;
- Net profit from service activities increased VND142,876 million, equivalent to 21% compared to the same period in 2018;
- Credit risk provision expenses decreased VND147,981 million, equivalent to 67% compared to the same period in 2018.