Company Insight

TCB has a consolidated credit growth rate of 12.9% Ytd (parent bank at 11.6% Ytd). Unlike the period of 2023, TCB's credit has shown more balance growth in the two loan book – corporate and retail.
Key assumptions for 2024 include consolidated credit growth of over 20%, NIM recovering to 4.38%, NPL ratio controlled around 1.3%, Credit expense/total credit around 1.1%, CIR at 31.5 %. TCB's EBT in 2024 is forecast to reach VND 27,793 billion (+21.40% YoY), adjusted downward compared to our latest report due to pressure that may appear on NIM in the second half of 2024.