Published Date: 13/03/2025
- Net profit rose significanty by 20.1% QoQ in 4Q2024 signing for stronger recovery of earnings growth in 2025;
- Although asset quality has not fully recovered, there are signs of bottoming out proven by significant decrease of group 2 loans ratio;
- We maintain HOLD recommendation for VIB due to lowering net profit forecast for 2025F/2026F and remained target P/B at 1.3x.
