The Q2-2024 earnings reports of listed banks on HSX and HNX show continued strong profit growth against the same period last year. However, compared to the first quarter of 2024, the profit growth rate showed signs of slowing down, and non-performing loans (NPLs) were rising more rapidly. Despite this, credit and profit in the banking sector are expected to continue to rise in the near future. Banks maintain stable profit growth According to the Q2-2024 reports of listed banks on HSX and HNX, after-tax profit grew by 20.9% versus the same period in 2023, above the 10.8% growth in the first quarter this year. Compared to the first quarter of 2024, this growth rate is 5.1%, slightly below the 6.7% quarter-on-quarter increase in the previous quarter, but it marks the third consecutive quarter of positive growth. In terms of income streams, profit from credit operations continued to be the main contributor, accounting for 78.7% in the second quarter, down from 80.2% in the previous quarter. This indicates that non-interest income increased again in the second quarter of 2024, although it remained lower than in the period from the second to the fourth quarter of 2023. In the first half of […]
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