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- VPBankS Posts Over 3,500 Billion VND in Profit After 9 Months, Up 8% Year-on-Year
CTCP Chứng khoán VPBank (VPBankS, HoSE: VPX) released its third-quarter report, with nine-month total revenue of nearly 10,600 billion VND, almost double the same period last year, and pre-tax profit of 3,516 billion VND, up 8%, amid a complex stock market and shrinking liquidity. Advisory revenue from securities issuance rose 73% to over 1,600 billion VND, while margin lending contributed over 3,000 billion VND, or 28% of total revenue. Outstanding margin loans and advances reached nearly 40,000 billion VND at quarter-end, up 17% from the start of the year, and the customer base grew to 1.6 million, up over 10% from the previous quarter. Equity stood near 36,300 billion VND, and the company announced a board resolution to implement a 150 million USD syndicated loan led by SMBC, while expanding into wealth management through VPBankS Private Wealth.
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