VP Bank stock permitted for margin trading

Thursday, Mar 08, 2018 18:41

Customers make transactions at a VPBank’s transaction office. — Photo vneconomy.vn

The HCM City Stock Exchange (HoSE) has removed the shares of Viet Nam Prosperity Joint Stock Commercial Bank (VPB) from the list of securities not eligible for margin trading.

Six months have expired since the first trading date on August 7, 2017.

On the stock market, the price of VPB was VND65,100 (US$2.9) per share on Thursday, and the average liquidity was nearly 4.3 million shares per session.

In 2017, VPB posted a pre-tax profit of more than VND8.1 trillion, registering a 65 per cent year-on-year increase.

The bank’s total assets reached nearly VND278 trillion last year, increasing 21 per cent from the previous year.

Customer lending rose by 24 per cent to VND196 trillion in 2017, and the deposit was VND200 trillion, up 16 per cent from the previous year.

Its turnover growth rate in 2017 was VND25 trillion, posting a 48 per cent year-on-year rise. The net profit rose by 36 per cent and net services by 70 per cent. It used more than VND8 trillion for its risk prevention fund.

The bank’s growth quality was also seen through the return on equity (ROE) of 27.47 per cent and the return on assets (ROA) of 2.54 per cent. — VNS

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