Sai Gon Thuong Tin Commercial Joint Stock Bank has explained the consolidated financial statement for Quarter 4/2022:
- Profit after tax of Q4.2022 was 1.751,1 billion dongs, increased by 893.3 billion dongs compared to the Quarter 4/2021 due to the following reasons:
a. Net profit increased by 3,548.5 billion dongs because:
- Profit and other incomes increased by 5,439 billion dongs.
- The lending balance increased by 50,187 billion dongs, so the gain from lending increased by 5,260.8 billion dongs;
- The deposit at credit increased by 17,290 billion dongs compared to the same period of last year, so the gain from deposit increased by 160.4 billion dongs;
- The debt securities investment decreased compared to the same period of last year, so the gain from debt securities investment increased by 35.4 billion dongs;
- Other gains decreased by 17.6 billion dongs.
- Expenses for deposit and borrowing increased by 1,890.5 billion dongs.
- The deposit of customers increased by 44,609 billion dongs compared to the same period of last year, so the deposit interest expense increased by 1,533 billion dongs;
- Borrowing from other credit institutions increased by 10,002 billion dongs compared to the same period of last year, so borrowing interest expense increased by 212.5 billion dongs.
- Other expenses increased by 145 billion dongs.
b. Other income decreased by 330.3 billion dongs compared to the same period of last year. In particular, the net income from service activities decreased by 1,092.5 billion dongs; net income from the foreign exchange trading increased by 91 billion dongs; net income securities trading decreased by 63.1 billion dongs; income from the other activities increased by 734.3 billion dongs.
c. Other expenses increased by 2,324.9 billion dongs. In particular, the provision for credit increased by 2,224 billion dongs; the operating expense increased by 245.9 billion dongs; the corporate income tax expense increased by 145 billion dongs.
Therefore, - (a) + (b) – (c) = 893.3 billion dongs.