Public Bank Vietnam earns $20 mln post-tax profit in 2022
Public Bank Vietnam Limited, a wholly-owned subsidiary of Malaysia’s Public Bank Berhad, earned a post-tax profit of VND462.78 billion ($19.72 million) in 2022, up 21.99% year-on-year, according to its financial statement.

A transaction office of Public Bank Vietnam in Hanoi. Photo courtesy of the bank.
The bank’s total operating income last year rose 14.21% year-on-year to VND1.28 trillion ($54.76 million). The figure included a net interest income of VND1.13 trillion ($48.32 million), up 19.16%.
Its outstanding customer loans climbed 19% from 2021 to VND24.48 trillion ($1.04 billion), while deposits increased 9.35% to VND18.41 trillion ($785 million).
Public Bank Vietnam’s non-performing loans (NPL) nearly doubled year-on-year to VND476.84 billion ($20.32 million), including VND67.15 billion ($2.86 million) of group 3 (substandard) loans, VND58.22 billion ($2.48 million) of group 4 (doubtful) loans, and VND351.46 billion ($14.98 million) of group 5 (loss) loans.
According to the State Bank of Vietnam’s regulations, loans are classified in five groups. Group 3, 4, 5 loans, respectively representing loans missing payment deadlines from 91 to 180 days, 181 to 360 days, and over 360 days, are classified as NPL.
By the end of 2022, the lender’s assets reached VND42.42 trillion ($1.81 billion), up 24.1% compared to the beginning of the year, while its total liabilities rose 29.7% to VND33.98 trillion ($1.45 billion) and its equity increased 5.8% to VND8.44 trillion ($359.8 million). As of the end of 2022, the bank’s cash on hand was VND179.75 billion ($7.66 million).
Many wholly foreign owned banks in Vietnam have announced their 2022 results. HSBC Bank (Vietnam) Ltd. posted a post-tax profit of VND3.7 trillion ($157 million) in 2022, tripling year-on-year.
Shinhan Bank Vietnam, wholly-owned by South Korea’s Shinhan Bank, earned a post-tax profit of VND3.71 trillion ($158.03 million) in 2022, up 46.6% year-on-year, according to the bank’s audited financial statement.
CIMB Bank Vietnam, part of Malaysia-headquartered CIMB bank, recorded a post-tax loss of VND271.78 billion ($9.27 million) last year, worse than the VND209.93 billion ($8.93 million) in 2021, according to its financial statements.
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