Company Insight

TCB's consolidated PBT in Q1/2024 reached VND 7,802 billion (+38.7% YoY), fulfilling 28.7% of the 2024 profit plan. For dividend policy, in 2024, TCB expects to pay cash and stock dividend at the rate of 15% and 100%, respectively.

Key assumptions for 2024 include consolidated credit growth of over 20%, NIM recovering to 4.59%, NPL controlled around 1.3%, Credit risk cost/total credit around 1%, CIR at 31.5 %. TCB's PBT in 2024 is forecast to reach VND 29,641 billion (+29.50% YoY), unchanged from our most recent report.