Vietnam Joint Stock Commercial Bank for Industry and Trade (HOSE: CTG)

CTG Income Statement

Financials in millions VND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	126,885,144	132,671,737	104,664,634	84,628,302	83,676,516	82,742,771
Interest Paid on Deposits	68,838,184	79,714,259	56,872,679	42,839,837	48,096,888	49,543,734
Net Interest Income	58,046,960	52,957,478	47,791,955	41,788,465	35,579,628	33,199,037
Net Interest Income Growth (YoY)	13.69%	10.81%	14.37%	17.45%	7.17%	49.47%
Income From Trading Activities	-184,683	138,505	-142,347	719,729	962,225	-425,164
Gain (Loss) on Sale of Assets	7,881	7,881	14,663	4,494	54,448	137,990
Gain (Loss) on Sale of Investments	-	-	-	-	-	156,912
Gain (Loss) on Sale of Equity Investments	245,493	194,931	424,508	393,611	456,977	402,385
Other Non-Interest Income	16,349,865	17,249,370	16,028,397	10,250,333	8,304,181	7,048,226
Total Non-Interest Income	16,418,556	17,590,687	16,325,221	11,368,167	9,777,831	7,320,349
Non-Interest Income Growth (YoY)	-7.97%	7.75%	43.60%	16.26%	33.57%	17.43%
Revenues Before Loan Losses	74,465,516	70,548,165	64,117,176	53,156,632	45,357,459	40,519,386
Provision for Loan Losses	27,778,865	25,115,141	23,790,589	18,381,626	12,168,215	13,003,531
Revenue	46,686,651	45,433,024	40,326,587	34,775,006	33,189,244	27,515,855
Revenue Growth (YoY)	10.60%	12.66%	15.96%	4.78%	20.62%	33.30%
Salaries and Employee Benefits	11,993,567	11,636,246	11,086,985	10,013,309	9,261,722	9,434,827
Occupancy Expenses	2,844,930	2,715,410	2,691,964	2,903,591	2,530,639	2,280,260
Federal Deposit Insurance	1,053,410	985,905	880,010	772,469	722,082	663,368
Selling, General & Administrative	5,060,998	4,883,219	4,208,269	3,376,171	3,236,311	2,916,923
Other Non-Interest Expense	314,524	222,719	327,486	120,310	318,674	439,484
Total Non-Interest Expense	21,267,429	20,443,499	19,194,714	17,185,850	16,069,428	15,734,862
EBT Excluding Unusual Items	25,419,222	24,989,525	21,131,873	17,589,156	17,119,816	11,780,993
Pretax Income	25,419,222	24,989,525	21,131,873	17,589,156	17,119,816	11,780,993
Income Tax Expense	5,057,573	4,944,903	4,148,228	3,373,814	3,334,608	2,304,004
Earnings From Continuing Operations	20,361,649	20,044,622	16,983,645	14,215,342	13,785,208	9,476,989
Minority Interest in Earnings	-143,677	-141,072	-59,920	-126,582	-65,006	-15,722
Net Income	20,217,972	19,903,550	16,923,725	14,088,760	13,720,202	9,461,267
Preferred Dividends & Other Adjustments	-	-	2,409,538	2,026,475	1,803,677	2,142,763
Net Income to Common	20,217,972	19,903,550	14,514,187	12,062,285	11,916,525	7,318,504
Net Income Growth	14.72%	17.61%	20.12%	2.69%	45.01%	79.37%
Basic Shares Outstanding	5,370	5,370	5,370	5,370	5,370	5,370
Diluted Shares Outstanding	5,370	5,370	5,370	5,370	5,370	5,370
Shares Change (YoY)	0.00%	-	-0.00%	-0.00%	-	-
EPS (Basic)	3764.99	3706.44	2702.83	2246.23	2219.07	1362.84
EPS (Diluted)	3764.99	3706.44	2702.83	2246.23	2219.07	1362.84
EPS Growth	32.89%	37.13%	20.33%	1.22%	62.83%	38.74%
Dividend Per Share	-	-	-	-	554.692	346.683
Dividend Growth	-	-	-	-	60.00%	-
Effective Tax Rate	19.90%	19.79%	19.63%	19.18%	19.48%	19.56%

Source: S&P Capital IQ. Banks template. Financial Sources.