Asia Commercial Joint Stock Bank has explained the movements of 2022 audited financial statements compared to 2021 as follows:

1)      Profit after tax based on the separate financial statements in 2022:

-          The company’s business result in 2022 increased by 4,542,231 million dongs. increased by 49.94% compared to 2021 due to the following causes:

• Net profit income in 2022 increased by 4,493,858 million dongs compared to 2021;
• Net profit from service activities in 2022 increased by 783,694 million dongs compared to 2021;
• Net profit from other activities in 2022 increased by 653,675 million dongs compared to 2021;
• Operating expenses in 2022 increased by 3,373,794 million dongs compared to 2021;
• Provision expense for credit risk in 2022 decreased by 3,246,558 million dongs compared to 2021.

2)      Profit after tax based on the consolidated financial statements in 2022:

-          The company’s business result in 2022 increased by 4,085,447 million dongs, increased by 42.54% compared to 2021 because the following causes:

• Net profit income in 2022 increased by 4,588,737 million dongs compared to 2021;
• Net profit from service activities in 2022 increased by 632,281 million dongs compared to 2021;
• Net profit from other activities in 2022 increased by 850,231 million dongs compared to 2021;
• Operating expenses in 2022 increased by 3,375,269 million dongs compared to 2021;
• Provision expense for credit risk in 2022 decreased by 3,265,295 million dongs compared to 2021.