Sai Gon Thuong Tin Commercial Joint Stock Bank has explained the separate financial statement for Quarter 4/2022:
- Profit after tax of Q4.2022 was 1.507.4 billion dongs, increased by 411 billion dongs compared to the Quarter 4/2021 due to the following reasons:
a. Net profit increased by 3,484.4 billion dongs because:
- Profit and other incomes increased by 5,403.6 billion dongs.
- The lending balance increased by 49,966 billion dongs, so the gain from lending increased by 5,252.2 billion dongs;
- The deposit at credit increased by 16,958 billion dongs compared to the same period of last year, so the gain from deposit increased by 161.6 billion dongs;
- The debt securities investment decreased compared to the same period of last year, so the gain from debt securities investment increased by 33.3 billion dongs;
- Other gains increased by 43.5 billion dongs.
- Expenses for deposit and borrowing increased by 1,919.2 billion dongs.
- The deposit of customers increased by 44,936 billion dongs compared to the same period of last year, so the deposit interest expense increased by 1,549.5 billion dongs;
- Borrowing from other credit institutions increased by 10,110 billion dongs compared to the same period of last year, so borrowing interest expense increased by 212.8 billion dongs.
- Other expenses decreased by 156.9 billion dongs.
b. Other income decreased by 303.7 billion dongs compared to the same period of last year. In particular, the net income from service activities decreased by 1,058.6 billion dongs; net income from the foreign exchange trading increased by 95.5 billion dongs; net income securities trading decreased by 63.1 billion dongs; income from other activities to buy shares increased by 722.5 billion dongs.
c. Other expenses increased by 2,769.7 billion dongs. In particular, the provision for credit increased by 2,409.3 billion dongs; the operating expense increased by 537.3 billion dongs; the corporate income tax expense increased by 176.9 billion dongs.
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Therefore, - (a) + (b) – (c) = 411 billion dongs.